Absolute Software Co. (ABT) Given New C$7.50 Price Target at Canaccord Genuity

Absolute Software Co. (TSE:ABT) had its price target lowered by stock analysts at Canaccord Genuity from C$8.00 to C$7.50 in a report released on Tuesday. Canaccord Genuity’s price objective suggests a potential downside of 6.83% from the stock’s current price.

Several other research firms also recently issued reports on ABT. Pi Financial decreased their price objective on shares of Absolute Software from C$9.00 to C$8.75 in a report on Friday, August 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.50 price objective on shares of Absolute Software in a report on Friday, August 18th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$7.71.

Absolute Software (TSE ABT) traded down C$0.14 during midday trading on Tuesday, hitting C$8.05. 48,445 shares of the company traded hands, compared to its average volume of 65,140. Absolute Software has a fifty-two week low of C$5.91 and a fifty-two week high of C$8.82.

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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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