Shares of Absolute Software (TSE:ABT) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$8.17.
ABT has been the subject of a number of analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$7.50 target price on shares of Absolute Software in a research note on Tuesday, February 7th. Pi Financial boosted their price objective on shares of Absolute Software from C$7.75 to C$9.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, BMO Capital Markets upped their target price on shares of Absolute Software from C$7.50 to C$8.50 and gave the company a “market perform” rating in a research note on Tuesday, May 9th.
Absolute Software (TSE:ABT) traded up 4.95% during mid-day trading on Tuesday, hitting $7.85. 53,136 shares of the stock traded hands. Absolute Software has a 12 month low of $5.81 and a 12 month high of $8.46. The stock’s 50 day moving average is $7.64 and its 200-day moving average is $6.96. The company’s market cap is $310.00 million.
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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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