Absolute Software Co. (ABT) PT Lowered to C$7.00 at National Bank Financial

Absolute Software Co. (TSE:ABT) had its target price decreased by research analysts at National Bank Financial from C$8.00 to C$7.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential downside of 13.04% from the company’s current price.

Other analysts have also issued research reports about the company. BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.50 price objective on shares of Absolute Software in a research report on Friday, August 18th. TD Securities cut their price objective on Absolute Software from C$8.00 to C$7.00 in a research report on Tuesday. Canaccord Genuity cut their price objective on Absolute Software from C$8.00 to C$7.50 in a research report on Tuesday. Finally, Pi Financial cut their price objective on Absolute Software from C$9.00 to C$8.75 in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$7.71.

Absolute Software (TSE ABT) traded down C$0.14 during trading on Tuesday, hitting C$8.05. The stock had a trading volume of 48,445 shares, 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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