Absolute Software Given New C$9.00 Price Target at Pi Financial (ABT)
Stock analysts at Pi Financial hoisted their price target on shares of Absolute Software (TSE:ABT) from C$8.60 to C$9.00 in a report issued on Tuesday. Pi Financial’s price target indicates a potential upside of 35.14% from the stock’s previous close.
Absolute Software (TSE:ABT) traded up 4.35% during mid-day trading on Tuesday, hitting $6.95. The stock had a trading volume of 144,686 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 $6.84 and a 200-day moving average of $6.83. The company has a market cap of $303.4 million and a P/E ratio of 95.14.
Absolute Software (TSE:ABT) last announced its earnings results on Tuesday, August 19th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. Analysts expect that Absolute Software will post $0.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Tuesday, August 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated an “outperform” rating on shares of Absolute Software in a research note on Friday, July 25th. They now have a C$7.75 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Absolute Software presently has an average rating of “Buy” and a consensus target price of C$9.25.
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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