Absolute Software Receives Outperform Rating from Scotiabank (ABT)
Absolute Software (TSE:ABT)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a report released on Friday. They currently have a C$7.75 price target on the stock. Scotiabank’s target price suggests a potential upside of 10.87% from the stock’s previous close.
Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Absolute Software in a research note on Tuesday, May 13th. They now have a C$8.50 price target on the stock, down previously from C$9.00. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$9.17.
Shares of Absolute Software (TSE:ABT) traded up 0.14% on Friday, hitting $6.99. The stock had a trading volume of 9,043 shares. Absolute Software has a 52 week low of $5.85 and a 52 week high of $8.10. The stock has a 50-day moving average of $6.87 and a 200-day moving average of $6.87. The company has a market cap of $305.1 million and a price-to-earnings ratio of 99.71.
Absolute Software (TSE:ABT) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. Analysts expect that Absolute Software will post $0.10 EPS for the current fiscal year.
Absolute Software Corporation (TSE:ABT) is engaged in providing software solutions for the security and management of computers and mobile computing devices.
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