Absolute Software Co. (ABT) Rating Reiterated by BMO Capital Markets
Absolute Software Co. (TSE:ABT)‘s stock had its “market perform” rating reaffirmed by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Tuesday. They currently have a C$8.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential downside of 0.62% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. National Bank Financial lowered 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 research report on Tuesday. Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$9.00 to C$8.00 in a research report on Friday, August 18th. Pi Financial lowered their price objective on shares of Absolute Software from C$9.00 to C$8.75 in a research report on Friday, August 18th. Finally, TD Securities decreased their target price on shares of Absolute Software from C$8.00 to C$7.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$7.71.
Absolute Software (TSE ABT) traded down C$0.14 during midday trading on Tuesday, reaching C$8.05. 48,445 shares of the company’s stock traded hands, compared to its average volume of 65,140. Absolute Software has a 12-month low of C$5.91 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.
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