Several other equities research analysts have also commented on the stock. Scotiabank lowered shares of Absolute Software from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$8.50 to C$8.00 in a research report on Monday, August 22nd. BMO Capital Markets decreased their price objective on shares of Absolute Software from C$9.00 to C$8.50 and set a market perform rating on the stock in a research report on Monday, August 22nd. Imperial Capital boosted their price objective on shares of Absolute Software from C$6.00 to C$7.00 and gave the stock an outperform rating in a research report on Tuesday, August 23rd. Finally, Cantor Fitzgerald decreased their price objective on shares of Absolute Software from C$11.00 to C$10.50 and set a buy rating on the stock in a research report on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Absolute Software presently has a consensus rating of Buy and an average price target of C$9.00.
Absolute Software (TSE:ABT) opened at 7.22 on Monday. The firm’s 50-day moving average is $7.42 and its 200 day moving average is $7.03. Absolute Software has a 52 week low of $5.75 and a 52 week high of $8.86. The stock has a market cap of $281.34 million and a price-to-earnings ratio of 31.39.
About Absolute Software
Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.
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