Absolute Software Co. (TSE:ABT) had its price objective lowered by investment analysts at TD Securities from C$8.00 to C$7.00 in a research note issued on Tuesday. TD Securities’ price objective would suggest a potential downside of 13.04% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. National Bank Financial raised shares of Absolute Software from an “underperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, August 17th. Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$9.00 to C$8.00 in a research note on Friday, August 18th. Pi Financial decreased their target price on shares of Absolute Software from C$9.00 to C$8.75 in a research report on Friday, August 18th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$8.50 target price on shares of Absolute Software in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$7.71.
Shares of Absolute Software (ABT) traded down C$0.14 during trading hours on Tuesday, reaching C$8.05. 48,445 shares of the company were exchanged, compared to its average volume of 65,140. Absolute Software has a 1 year low of C$5.91 and a 1 year 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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