BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$11.25.
Several research analysts have recently weighed in on the stock. CIBC dropped their target price on shares of BlackBerry from C$14.00 to C$12.50 and set an “underperform” rating on the stock in a research report on Thursday, September 23rd. Raymond James reissued a “hold” rating and issued a C$12.00 target price on shares of BlackBerry in a research report on Thursday, September 23rd. TD Securities boosted their price objective on shares of BlackBerry to C$11.50 and gave the company a “reduce” rating in a research report on Thursday, September 23rd. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a C$9.50 price objective on shares of BlackBerry in a research report on Thursday, October 28th.
TSE BB opened at C$11.20 on Friday. The company has a debt-to-equity ratio of 67.60, a current ratio of 2.26 and a quick ratio of 2.13. The company’s 50 day simple moving average is C$12.70 and its 200 day simple moving average is C$13.52. BlackBerry has a 12 month low of C$8.34 and a 12 month high of C$36.00. The company has a market capitalization of C$6.35 billion and a P/E ratio of -7.62.
BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its earnings results on Wednesday, September 22nd. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.12) by C$0.02. The business had revenue of C$217.85 million during the quarter. On average, analysts anticipate that BlackBerry will post -0.04 earnings per share for the current year.
In other news, Director John Chen sold 555,712 shares of the business’s stock in a transaction on Wednesday, November 3rd. The shares were sold at an average price of C$14.70, for a total value of C$8,168,186.18. Following the completion of the sale, the director now directly owns 4,669,476 shares in the company, valued at C$68,634,741.26. Also, Senior Officer Sai Yuen (Billy) Ho sold 4,614 shares of the business’s stock in a transaction on Friday, October 1st. The stock was sold at an average price of C$12.41, for a total transaction of C$57,272.44. Following the completion of the sale, the insider now owns 232,701 shares of the company’s stock, valued at C$2,888,459.80. Insiders sold 566,491 shares of company stock valued at $8,307,609 over the last three months.
About BlackBerry
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy; and endpoint security management, encryption, and embedded systems.