Absolute Software Co. (ABT) Receives Average Recommendation of “Hold” from Analysts
Absolute Software Co. (TSE:ABT) has been assigned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$7.71.
Several equities analysts have weighed in on ABT shares. National Bank Financial upgraded shares of Absolute Software from an “underperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, August 17th. TD Securities lowered their price target on shares of Absolute Software from C$8.00 to C$7.00 and set a “hold” rating on the stock in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a C$8.00 price target on shares of Absolute Software in a report on Tuesday. Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating and lowered their price target for the company from C$9.00 to C$8.00 in a report on Friday, August 18th. Finally, Pi Financial lowered their price target on shares of Absolute Software from C$9.00 to C$8.75 in a report on Friday, August 18th.
Absolute Software (TSE ABT) traded down C$0.99 during midday trading on Wednesday, reaching C$7.06. 507,641 shares of the company’s stock traded hands, compared to its average volume of 67,160. Absolute Software has a 12-month low of C$5.91 and a 12-month high of C$8.82.
Absolute Software Company Profile
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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