Absolute Software (ABT) Given Underperform Overweight Rating at National Bank Financial

National Bank Financial reissued their underperform overweight rating on shares of Absolute Software (TSE:ABT) in a report released on Monday morning.

Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald dropped their target price on Absolute Software from C$11.00 to C$10.50 and set a buy rating for the company in a report on Wednesday, June 1st. BMO Capital Markets dropped their target price on Absolute Software from C$9.00 to C$8.50 and set a market perform rating for the company in a report on Monday, August 22nd. Imperial Capital increased their target price on Absolute Software from C$6.00 to C$7.00 and gave the company an outperform rating in a report on Tuesday, August 23rd. Finally, Scotiabank cut Absolute Software from an outperform rating to a sector perform rating and dropped their target price for the company from C$8.50 to C$8.00 in a report on Monday, August 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$9.00.

Analyst Recommendations for Absolute Software (TSE:ABT)

Shares of Absolute Software (TSE:ABT) traded down 0.14% during midday trading on Monday, reaching $7.29. The company’s stock had a trading volume of 13,600 shares. The stock has a 50-day moving average price of $7.45 and a 200-day moving average price of $7.03. The stock has a market cap of $284.07 million and a price-to-earnings ratio of 31.70. Absolute Software has a 52-week low of $5.75 and a 52-week high of $8.86.

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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