Blackberry (TSE:BB) Rating Reconfirmed
Blackberry (TSE:BB) had its stock rating noted as “Sector Perform” by analysts at Scotia Capital. Scotia Capital currently has a $10.50 price target on the $4.31 billion market cap company or 26.96% upside potential. This was disclosed in a note on 28 September.
TSE:BB is at the moment trading -4.86% lower at $8.22 as of 13:22 New York time. Blackberry’s stock is down -27.88% over the past 200 days. It has underperformed the S&P 500, which has declined -6.24% over the same time period.
According to data compiled by Thomson Reuters, Blackberry (TSE:BB)’s stock is covered by 7 equity analysts across the Street, with 1 analysts giving it a Sell rating, 1 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $9.29, which reflects an upside potential of 13.02% over the current price.
Blackberry (TSE:BB) Profile
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging.
Blackberry (TSE:BB) traded down -4.86% on 28 September, hitting $8.22. A total of 1.48M shares of the company’s stock traded hands. This is down from average of 1.63M shares. Blackberry has a 52 week low of $8.21 and a 52 week high of $15.1. The company has a market cap of $4.31B and a P/E ratio of 0.
