Shares of Absolute Software (TSE:ABT) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$9.00.
Several analysts have recently weighed in on ABT shares. BMO Capital Markets lowered 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. Scotiabank cut shares of Absolute Software from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$8.50 to C$8.00 in a research report on Monday, August 22nd. Imperial Capital raised their price objective on shares of Absolute Software from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, August 23rd. Finally, National Bank Financial restated an “underperform overweight” rating on shares of Absolute Software in a research report on Monday, September 26th.
Absolute Software (TSE:ABT) traded up 3.37% during trading on Tuesday, reaching $6.45. 38,823 shares of the company traded hands. The firm’s 50 day moving average price is $7.08 and its 200 day moving average price is $7.07. Absolute Software has a 12-month low of $5.75 and a 12-month high of $8.86. The firm has a market capitalization of $251.34 million and a price-to-earnings ratio of 28.04.
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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