Absolute Software (TSE:ABT) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$8.36.

A number of research analysts have recently weighed in on ABT shares. Scotiabank downgraded shares of Absolute Software from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$8.50 to C$8.00 in a research report on Monday, August 22nd. BMO Capital Markets reduced their target price on shares of Absolute Software from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research report on Monday, August 22nd. National Bank Financial reissued an “underperform overweight” rating on shares of Absolute Software in a research report on Monday, September 26th. Finally, Imperial Capital increased their target price 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.

Absolute Software (TSE:ABT) opened at 6.13 on Tuesday. Absolute Software has a one year low of $5.75 and a one year high of $8.46. The stock’s 50 day moving average is $6.32 and its 200 day moving average is $6.99. The firm has a market capitalization of $239.30 million and a P/E ratio of 31.12.

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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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