BlackBerry (TSE:BB) Price Target Raised to C$4.75 at Canaccord Genuity Group

BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price target hoisted by Canaccord Genuity Group from C$3.00 to C$4.75 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential downside of 24.60% from the stock’s previous close.

Separately, TD Securities upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th.

BlackBerry Stock Performance

Shares of BB stock opened at C$6.30 on Tuesday. The company has a 50 day moving average price of C$6.64 and a 200-day moving average price of C$4.66. The company has a quick ratio of 1.49, a current ratio of 1.37 and a debt-to-equity ratio of 30.90. The firm has a market capitalization of C$2.61 billion, a PE ratio of -20.30, a P/E/G ratio of 0.06 and a beta of 1.07. BlackBerry has a 52 week low of C$2.89 and a 52 week high of C$8.86.

Insider Buying and Selling at BlackBerry

In related news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of C$5.26, for a total value of C$29,248.42. Insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.