Absolute Software (ABT) Price Target Cut to C$7.50

Absolute Software (TSE:ABT) had its price objective decreased by stock analysts at BMO Capital Markets from C$8.00 to C$7.50 in a research note issued to investors on Wednesday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 9.81% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity dropped their price objective on shares of Absolute Software from C$8.00 to C$7.50 in a report on Tuesday, November 14th. TD Securities dropped their price objective 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, November 14th. Imperial Capital lowered shares of Absolute Software from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 17th. Finally, National Bank Financial dropped their price objective on shares of Absolute Software from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$7.63.

Shares of Absolute Software (TSE:ABT) traded down C$0.24 on Wednesday, hitting C$6.83. 50,704 shares of the stock were exchanged, compared to its average volume of 53,880. The stock has a market capitalization of $272.64, a price-to-earnings ratio of -48.79 and a beta of 0.60. Absolute Software has a 12-month low of C$6.60 and a 12-month 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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