Absolute Software (ABT) Stock Rating Reaffirmed by Scotiabank

Absolute Software (TSE:ABT)‘s stock had its “sector perform” rating reissued by equities researchers at Scotiabank in a research report issued on Tuesday. They presently have a C$7.50 target price on the stock. Scotiabank’s price target points to a potential upside of 7.60% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. National Bank Financial decreased their price target on Absolute Software from C$6.50 to C$6.00 and set an “underperform” rating for the company in a research note on Tuesday, November 8th. BMO Capital Markets decreased their target price on Absolute Software from C$8.50 to C$7.50 and set a “market perform” rating for the company in a research note on Tuesday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Absolute Software currently has a consensus rating of “Hold” and a consensus price target of C$8.08.

Analyst Recommendations for Absolute Software (TSE:ABT)

Absolute Software (TSE:ABT) traded down 0.86% during midday trading on Tuesday, reaching $6.91. The company’s stock had a trading volume of 121,835 shares. The firm has a 50 day moving average of $6.54 and a 200 day moving average of $6.90. Absolute Software has a 52-week low of $5.77 and a 52-week high of $8.46. The firm has a market cap of $269.75 million and a P/E ratio of 35.08.

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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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