BlackBerry (TSE:BB) Given a C$12.00 Price Target at Stifel Nicolaus

BlackBerry (TSE:BB) (NASDAQ:BBRY) has been assigned a C$12.00 target price by analysts at Stifel Nicolaus in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 3.69% from the stock’s current price.

BlackBerry Price Performance

Shares of BB traded down C$0.08 during mid-day trading on Wednesday, reaching C$12.46. 4,829,356 shares of the company’s stock were exchanged, compared to its average volume of 3,638,747. The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. BlackBerry has a 52-week low of C$4.35 and a 52-week high of C$15.17. The company has a market cap of C$7.30 billion, a price-to-earnings ratio of 138.44, a PEG ratio of 0.06 and a beta of 1.19. The company has a 50-day simple moving average of C$9.90 and a two-hundred day simple moving average of C$6.76.

About BlackBerry

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.