Absolute Software (ABT) Receives C$7.71 Consensus Price Target from Analysts

Absolute Software (TSE:ABT) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$7.71.

Several research firms have commented on ABT. Canaccord Genuity reduced their price objective on Absolute Software from C$8.00 to C$7.50 in a report on Tuesday, November 14th. National Bank Financial reduced their price objective on 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. TD Securities reduced their price objective on 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. BMO Capital Markets restated a “market perform” rating and set a C$8.00 price objective on shares of Absolute Software in a report on Tuesday, November 14th. Finally, Imperial Capital downgraded Absolute Software from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 17th.

Absolute Software (ABT) traded down C$0.01 on Monday, reaching C$6.97. The company’s stock had a trading volume of 35,453 shares, compared to its average volume of 48,537. The stock has a market cap of $276.59, a P/E ratio of -50.07 and a beta of 0.60. Absolute Software has a one year low of C$6.60 and a one year high of C$8.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.59%. Absolute Software’s dividend payout ratio is presently -173.92%.

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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.

Analyst Recommendations for Absolute Software (TSE:ABT)

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