Brokerages Set Absolute Software Co. (ABT) PT at $7.71

Shares of Absolute Software Co. (TSE:ABT) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$7.71.

Several brokerages recently commented on ABT. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.50 target price on shares of Absolute Software in a report on Friday, August 18th. TD Securities reduced their target price on Absolute Software from C$8.00 to C$7.00 and set a “hold” rating on the stock in a report on Tuesday. Canaccord Genuity reduced their target price on Absolute Software from C$8.00 to C$7.50 in a report on Tuesday. Pi Financial reduced their target price on Absolute Software from C$9.00 to C$8.75 in a report on Friday, August 18th. Finally, National Bank Financial upgraded Absolute Software from an “underperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, August 17th.

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Shares of Absolute Software (ABT) traded up C$0.01 during mid-day trading on Wednesday, reaching C$7.00. The company had a trading volume of 58,300 shares, compared to its average volume of 67,785. Absolute Software has a 1-year low of C$6.04 and a 1-year high of C$8.82.

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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