Absolute Software (ABT) Receives C$7.71 Consensus PT from Analysts

Absolute Software (TSE:ABT) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$7.71.

ABT has been the topic of several recent research reports. Canaccord Genuity lowered their target price on Absolute Software from C$8.00 to C$7.50 in a report on Tuesday, November 14th. National Bank Financial lowered their target price on Absolute Software from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 14th. TD Securities lowered their target price on Absolute Software from C$8.00 to C$7.00 and set a “hold” rating on the stock in a report on Tuesday, November 14th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$8.00 target price on shares of Absolute Software in a report on Tuesday, November 14th.

Absolute Software (ABT) traded down C$0.01 during trading hours on Thursday, reaching C$6.95. The company’s stock had a trading volume of 40,300 shares, compared to its average volume of 40,249. Absolute Software has a 52 week low of C$6.36 and a 52 week high of C$8.82. The stock has a market cap of $274.22, a price-to-earnings ratio of -49.64 and a beta of 0.65.

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Absolute Software Company Profile

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.

Analyst Recommendations for Absolute Software (TSE:ABT)

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