BlackBerry Gets a Hold Rating from BMO Capital

By Ryan Adsit

BlackBerry (TSX: BB), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Tim Long from BMO Capital remains neutral on the stock and has a C$9 price target.

According to TipRanks.com, Long is a 5-star analyst with an average return of 16.1% and a 68.8% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Comtech Telecommunications, and Hewlett Packard Enterprise.

BlackBerry has an analyst consensus of Moderate Buy, with a price target consensus of C$10.76.

BlackBerry’s market cap is currently C$7.52B and has a P/E ratio of 0.

BlackBerry Ltd. engages in developing hardware and software solutions for mobile communications. It provides platforms and solutions, which support multiple wireless network standards through the development of integrated hardware and software services. The company was founded by Michael Lazaridis, James Laurence Balsillie and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.,002TMH-E

The company’s shares closed last Thursday at $14.68, close to its 52-week high of $15.82.