BlackBerry (TSE:BB) PT Set at C$12.00 by Stifel Nicolaus

BlackBerry (TSE:BB) (NASDAQ:BBRY) has been given a C$12.00 price target by investment analysts at Stifel Nicolaus in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 3.69% from the stock’s previous close.

BlackBerry Trading Down 0.6%

TSE BB traded down C$0.08 during mid-day trading on Wednesday, reaching C$12.46. 4,829,356 shares of the stock were exchanged, compared to its average volume of 3,638,747. The stock has a market capitalization of C$7.30 billion, a PE ratio of 138.44, a PEG ratio of 0.06 and a beta of 1.19. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.49 and a current ratio of 2.12. BlackBerry has a 1-year low of C$4.35 and a 1-year high of C$15.17. The business’s fifty day simple moving average is C$9.90 and its 200 day simple moving average is C$6.76.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.