Absolute Software Co. (ABT) Price Target Lowered to C$7.00 at National Bank Financial
Absolute Software Co. (TSE:ABT) had its price objective dropped by investment analysts at National Bank Financial from C$8.00 to C$7.00 in a note issued to investors on Tuesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential downside of 13.04% from the stock’s previous close.
ABT has been the topic of several other research reports. TD Securities dropped their price objective on Absolute Software from C$8.00 to C$7.00 in a research note on Tuesday. Canaccord Genuity dropped their price objective on Absolute Software from C$8.00 to C$7.50 in a research note on Tuesday. BMO Capital Markets restated a “market perform” rating and issued a C$8.50 price objective on shares of Absolute Software in a research note on Friday, August 18th. Finally, Pi Financial dropped their price objective on Absolute Software from C$9.00 to C$8.75 in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Absolute Software has an average rating of “Hold” and a consensus price target of C$7.71.
Absolute Software (TSE ABT) traded down C$0.14 during trading hours on Tuesday, reaching C$8.05. The company’s stock had a trading volume of 48,445 shares, compared to its average volume of 65,140. Absolute Software has a 12-month low of C$5.91 and a 12-month high of C$8.82.
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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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