Absolute Software (ABT) Downgraded to “In-Line” at Imperial Capital

Absolute Software (TSE:ABT) was downgraded by equities research analysts at Imperial Capital from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently issued reports on ABT. Canaccord Genuity decreased their target price on Absolute Software from C$8.00 to C$7.50 in a research report on Tuesday, November 14th. National Bank Financial decreased their target price on Absolute Software from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 14th. BMO Capital Markets reissued a “market perform” rating and issued a C$8.00 target price on shares of Absolute Software in a research report on Tuesday, November 14th. Finally, TD Securities decreased their target price on Absolute Software from C$8.00 to C$7.00 and set a “hold” rating for the company in a research report on Tuesday, November 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$7.71.

Absolute Software (TSE:ABT) traded up C$0.03 during trading hours on Wednesday, hitting C$6.96. The stock has a market capitalization of $274.62, a price-to-earnings ratio of -49.71 and a beta of 0.65. Absolute Software has a 1 year low of C$6.58 and a 1 year high of C$8.82.

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About Absolute Software

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.

Analyst Recommendations for Absolute Software (TSE:ABT)

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