In a latest note to investors, a research analyst has provided a rating update for the Technology company, Absolute Software (TSX: ABT). Analyst Thanos Moschopoulos from BMO Capital remains neutral on the stock and has a C$8 price target.
According to TipRanks.com, Moschopoulos is ranked #1273 out of 4857 analysts.
Read also: Why This Bear Boosted Price Target on Advanced Micro Devices (AMD) Stock
Absolute Software has an analyst consensus of Moderate Buy, with a price target consensus of C$8.75, representing a 12.8% upside. In a report issued on August 8, Canaccord Genuity also maintained a Hold rating on the stock with a C$7.50 price target.
.
Absolute Software’s market cap is currently C$311.1M and has a P/E ratio of 0. The company has a Price to Book ratio of -4.19.
Absolute Software Corp. engages in the provision of endpoint security and data risk management solutions to commercial, healthcare, education, and government customers. The firm operates through the following geographical segments: United States, Rest of the World, and Canada.
The company’s shares closed on Tuesday at C$7.76.
