National Bank Financial Raises Absolute Software (ABT) Price Target to C$8.00

Absolute Software (TSE:ABT) had its target price increased by stock analysts at National Bank Financial from C$7.50 to C$8.00 in a note issued to investors on Monday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential downside of 3.26% from the company’s previous close. National Bank Financial also issued estimates for Absolute Software’s Q2 2019 earnings at $0.04 EPS, FY2019 earnings at $0.17 EPS and FY2020 earnings at $0.20 EPS.

Other analysts have also recently issued reports about the stock. Canaccord Genuity raised their price target on shares of Absolute Software from C$7.50 to C$8.00 in a report on Tuesday, August 14th. BMO Capital Markets raised their price target on shares of Absolute Software from C$7.50 to C$8.00 and gave the company a “market perform” rating in a report on Tuesday, August 14th. Pi Financial raised their price target on shares of Absolute Software from C$8.25 to C$10.00 in a report on Tuesday, August 14th. Industrial Alliance Securities raised their price target on shares of Absolute Software from C$10.25 to C$10.50 in a report on Tuesday, August 14th. Finally, TD Securities raised their price target on shares of Absolute Software from C$7.00 to C$8.00 and gave the company a “hold” rating in a report on Tuesday, August 14th.

Shares of Absolute Software stock opened at C$8.27 on Monday. Absolute Software has a 1 year low of C$6.06 and a 1 year high of C$8.50.

Absolute Software (TSE:ABT) last issued its earnings results on Monday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.01 by C$0.07. The business had revenue of C$31.07 million for the quarter, compared to the consensus estimate of C$31.60 million.

In related news, insider Todd Wakerley sold 3,200 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of C$7.89, for a total value of C$25,248.00. Insiders sold a total of 7,917 shares of company stock valued at $58,608 over the last ninety days.

Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

Read More: Price to Earnings Ratio (PE)

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