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Canaccord Genuity Sticks to Its Hold Rating for BlackBerry


In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, BlackBerry (TSX: BB). Analyst Michael Walkley from Canaccord Genuity remains neutral on the stock and has a C$10.50 price target.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 18.2% and a 65.9% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Skyworks Solutions.

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BlackBerry has an analyst consensus of Hold, with a price target consensus of C$10.50.

BlackBerry’s market cap is currently C$8.38B and has a P/E ratio of 14.9. The company has a Price to Book ratio of 2.61.

BlackBerry Ltd. engages in developing hardware and software solutions for mobile communications. It provides platforms and solutions, which supports multiple wireless network standards through the development of integrated hardware and software services.

The company’s shares closed on Friday at C$14.23.