Absolute Software (ABT) PT Lowered to C$7.50 at Scotiabank
Absolute Software (TSE:ABT) had its target price trimmed by Scotiabank from C$8.00 to C$7.50 in a report published on Tuesday morning. The brokerage currently has a sector perform rating on the stock.
Several other analysts also recently issued reports on the company. BMO Capital Markets dropped their price target 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. National Bank Financial reaffirmed an underperform overweight rating on shares of Absolute Software in a research report on Monday, September 26th. Finally, Imperial Capital lifted their target price on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently 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 firm 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 firm 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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