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Equities researchers at Imperial Capital cut their target price on shares of Absolute Software (TSE:ABT) from C$8.25 to C$8.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective indicates a potential upside of 20.12% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Pi Financial raised their price target on shares of Absolute Software from C$8.60 to C$9.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Absolute Software in a research note on Monday, June 16th. They now have a C$7.75 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, Absolute Software has an average rating of “Buy” and an average target price of C$9.04.

Shares of Absolute Software (TSE:ABT) traded up 5.86% during mid-day trading on Tuesday, hitting $7.05. 172,013 shares of the company’s stock traded hands. Absolute Software has a 1-year low of $5.85 and a 1-year 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 $307.8 million and a price-to-earnings ratio of 95.14.

Absolute Software (TSE:ABT) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 7th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, August 5th.

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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