Absolute Software (ABT) PT Lowered to C$6.00 at National Bank Financial
Absolute Software (TSE:ABT) had its price objective decreased by National Bank Financial from C$6.50 to C$6.00 in a report published on Tuesday morning. National Bank Financial currently has an underperform rating on the stock.
A number of other brokerages have also issued reports on ABT. Scotiabank reduced their price target on Absolute Software from C$8.00 to C$7.50 and set a sector perform rating for the company in a research report on Tuesday. BMO Capital Markets dropped their price objective on Absolute Software from C$9.00 to C$8.50 and set a market perform rating on the stock in a research note on Monday, August 22nd. Finally, Imperial Capital boosted their price objective on Absolute Software from C$6.00 to C$7.00 and gave the stock an outperform rating in a research note on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$8.36.
Absolute Software (TSE:ABT) opened at 6.00 on Tuesday. The stock has a 50 day moving average price of $6.64 and a 200-day moving average price of $7.03. Absolute Software has a 12 month low of $5.75 and a 12 month high of $8.85. The stock has a market cap of $233.80 million and a PE ratio of 26.09.
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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