Blackberry (TSE:BB): RBC Capital Markets Reaffirms “Sector Perform” Rating Today, Has a Target of $11.00/Share


Blackberry (TSE:BB) Rating Reaffirmed

Research professionals at RBC Capital Markets now has a $11.00 PT on Blackberry (TSE:BB). RBC Capital Markets and their recent PT would indicate a potential upside of 6.80% from the company’s previous close. The rating has been shown in an analyst note on Monday morning.

From a total of 6 analysts covering BB&T Corp (TSE:BB) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $11 while the lowest target price is $7. The mean of all analyst targets is $8.17 with a 204.69% above today’s ($10.23) stock price. BB&T Corp was the topic of 7 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Raymond James upgraded shares on December 7 to “Strong Buy” rating. Robert W. Baird upgraded shares to “Outperform” rating and $40.0 target share price in a report from a September 2. Barclays Capital maintained BB stock in a recent report from October 16 with “Equal Weight” rating. Finally, Scotia Capital maintained the stock with “Sector Perform” rating in a report issued on a September 28.

Approximately 853,955 shares of stock traded hands. BlackBerry Ltd (TSE:BB) has declined 16.81% since May 11, 2015 and is downtrending. It has underperformed by 12.40% the S&P500.

Blackberry (TSE:BB): RBC Capital Markets Reaffirms

BlackBerry Limited is a well-known provider of mobile communications and services. The company has a market cap of $5.38 billion. The Firm is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. It currently has negative earnings. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging.