BlackBerry (TSE: RIM) had its price objective trimmed by BMO Capital Markets from C$9.00 to C$8.00 in a report released on Monday, AnalystRatingsNetwork.com reports.
BlackBerry (TSE: RIM) remained flat at $13.01 during trading on Monday. BlackBerry has a 52-week low of $6.10 and a 52-week high of $18.49. The stock’s 50-day moving average is currently $14.37.
RIM has been the subject of a number of other recent research reports. Analysts at Macquarie downgraded shares of BlackBerry from a neutral rating to an underperform rating in a research note to investors on Friday, June 28th. They now have a C$9.00 price target on the stock, down previously from C$13.50. Separately, analysts at Sanford C. Bernstein downgraded shares of BlackBerry from a market perform rating to an underperform rating in a research note to investors on Wednesday, June 19th. They now have a C$9.66 price target on the stock, down previously from C$14.49. Finally, analysts at Societe Generale upgraded shares of BlackBerry from a sell rating to a buy rating in a research note to investors on Thursday, June 13th. They now have a C$17.00 price target on the stock, up previously from C$13.00.
Twelve investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of C$10.80.
BlackBerry, formerly Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.