Absolute Software (TSE:ABT) had its price objective lowered by BMO Capital Markets from C$8.00 to C$7.50 in a research report sent to investors on Wednesday. The brokerage currently has a market perform rating on the stock.

A number of other analysts have also recently issued reports on ABT. Canaccord Genuity lowered their target price on Absolute Software from C$8.00 to C$7.50 in a research note on Tuesday, November 14th. TD Securities lowered 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 note on Tuesday, November 14th. Imperial Capital cut shares of Absolute Software from an outperform rating to an in-line rating in a research note on Wednesday, January 17th. Finally, National Bank Financial decreased their price target on shares of Absolute Software from C$8.00 to C$7.00 and set a sector perform rating for the company in a research note on Tuesday, November 14th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Absolute Software has an average rating of Hold and a consensus target price of C$7.63.

Shares of Absolute Software (ABT) opened at C$6.83 on Wednesday. Absolute Software has a 52 week low of C$6.60 and a 52 week high of C$8.82. The stock has a market capitalization of $272.64, a P/E ratio of -48.79 and a beta of 0.60.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, February 1st. This represents a $0.32 annualized dividend and a dividend yield of 4.69%. Absolute Software’s dividend payout ratio is currently -173.92%.

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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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