BMO Capital Markets raised their target price on shares of Absolute Software (TSE:ABT) from C$8.50 to C$9.00 in a research note issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 20.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of Absolute Software from C$8.75 to C$9.25 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Pi Financial upgraded shares of Absolute Software from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a C$8.60 price target on the stock, up previously from C$7.00. Finally, analysts at Scotiabank raised their price target on shares of Absolute Software from C$7.50 to C$8.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock.
One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Absolute Software presently has a consensus rating of “Buy” and a consensus target price of C$8.98.
Absolute Software (TSE:ABT) traded down 1.61% on Tuesday, hitting $7.35. Absolute Software has a 1-year low of $3.50 and a 1-year high of $7.65. The stock’s 50-day moving average is currently $6.99. The company’s market cap is $306.5 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 28th. Investors of record on Wednesday, August 7th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.68%.
Absolute Software Corporation (TSE:ABT) is engaged in providing software solutions for the security and management of computers and mobile computing devices.
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