BlackBerry (TSE:BB) Sets New 12-Month High – Time to Buy?

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$15.39 and last traded at C$15.22, with a volume of 1302738 shares changing hands. The stock had previously closed at C$14.62.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry has an average rating of “Moderate Buy” and a consensus target price of C$12.00.

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BlackBerry Price Performance

The firm has a market capitalization of C$9.29 billion, a PE ratio of 176.11, a P/E/G ratio of 0.06 and a beta of 1.19. The company has a current ratio of 2.12, a quick ratio of 1.49 and a debt-to-equity ratio of 2.52. The company has a fifty day moving average price of C$10.22 and a two-hundred day moving average price of C$6.86.

BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last released its quarterly earnings results on Thursday, June 25th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$210.94 million for the quarter. BlackBerry had a return on equity of 7.27% and a net margin of 9.70%. Sell-side analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

BlackBerry Company Profile

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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.

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