Canaccord Genuity Keeps Their Hold Rating on Absolute Software

By Austin Angelo

The Technology company, Absolute Software (TSX: ABT), has received a rating update from a Wall Street analyst yesterday. Analyst Doug Taylor from Canaccord Genuity reiterated a Hold rating, with a C$7.50 price target.

Taylor has an average return of 12.2% when recommending Absolute Software.

According to TipRanks.com, Taylor is ranked #384 out of 4702 analysts.

Currently, the analyst consensus on Absolute Software is Hold and the average price target is C$8, representing a -0.6% downside.

In a report issued on November 10, TD Securities also reiterated a Hold rating on the stock with a C$8 price target.

Absolute Software’s market cap is currently C$318.6M and has a P/E ratio of 0.

Absolute Software Corp. engages in the provision of endpoint security and data risk management solutions to commercial, healthcare, education, and government customers. Its solutions include data protection; lifecycle management; enterprise mobility management; information technology service management; and data loss prevention.

The company’s shares closed on Monday at C$8.05.