BlackBerry Ltd (BBRY) Resumed as Neutral by JP Morgan Chase & Co.


A research report released on 21st December, by JP Morgan Chase & Co. resumed BlackBerry Ltd (NASDAQ:BBRY) to Neutral. JP Morgan is a Stock Brokerage Firm.

BlackBerry Limited shares did not do well on Thursday though the trading of shares was volatile. The shares were trading at $7.8 at the end of the session with 11,429,814 shares exchanged. The anticipated price of the shares was $8.14, but they were traded for as low as %7.77 and as high as $8.33. The price oscillated within these limits throughout the day. The company is valued at $4.807 million in the shares market and the shares which 524 million outstanding shares. For BlackBerry Limited, the 52-week high and low have been $12.63 and $5.96 respectively.

In the past few months, analysts have rated the company’s shares. Macquaire, an Equity Analysts and brokerage company has maintained its rating of the company’s shares as “Underperform”. The brokerage company lowered the target price of each share from $8 to $7. This rating was issued by the brokerage firm on October 19, 2015.

It is alarming that 18 companies rated the company’s shares at 2.72. Zack’s, a Financial Analysts company rated the company’s shares at 3. Some two analysts recommended sell for the company. The company’s shares appeared on the hold list of 12 financial analysts. Some reputable analysts think that the company is a strong buy.

The short term price for BlackBerry’s shares was set at $7.93 by as many as 14 analysts. The standard deviation of the short-term price target of the shares is $2.72’ which implies that the short-term target price may deviate from this value. The high and low price estimate of the shares is $14 and $6 respectively.

In the past five days, the value of the shares has dropped by 1.14%, but the value has escalated by 5.12% in the past four weeks. In the past 3-month period, the value has increased by 4%. From the beginning of the year to today, 21st December 2015 the stock performance is -28.96%.

Previously known as Research In Motion Limited, BlackBerry is a manufacturer of mobile and mobile phones and wireless communications. The company is also involved in the creation of hardware and software and provides data sharing options in the form of emails, SMS and Internet-based applications. The company also has technology that can be used to by other companies to develop and enhance their services. In 2014, BlackBerry acquired Movirtu, a virtual identity options provider.