Absolute Software (ABT) Earns Market Perform Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their market perform rating on shares of Absolute Software (TSE:ABT) in a research report report published on Friday morning. The brokerage currently has a C$8.50 price target on the stock.
ABT has been the topic of several other reports. Scotiabank increased their target price on shares of Absolute Software from C$7.50 to C$8.00 and gave the stock a sector perform rating in a research report on Tuesday, May 9th. Pi Financial increased their target price on shares of Absolute Software from C$7.75 to C$9.00 and gave the stock a buy rating in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$7.71.
Shares of Absolute Software (TSE:ABT) opened at 7.46 on Friday. The stock’s market cap is $295.24 million. The stock has a 50 day moving average price of $7.94 and a 200 day moving average price of $7.65. Absolute Software has a 12 month low of $5.81 and a 12 month high of $8.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.29%. This is an increase from Absolute Software’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, August 2nd.
About Absolute Software
Absolute Software Corporation develops, markets, and supports endpoint security and data risk management, and endpoint management solutions for desktops, laptops, tablets and smartphones in Canada, the United States, and internationally. It operates through two segments, Data and Device Security, and Endpoint and Service Management.
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