Absolute Software Gets a Hold Rating from TD Securities

By Jason Carr

The Technology company, Absolute Software (TSX: ABT), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from TD Securities’ analyst Daniel Chan, with a C$8 price target.

Chan noted:

“We are initiating coverage of Absolute Software with a HOLD rating and C$8.00 target price.”

According to TipRanks.com, Chan is a 4-star analyst with an average return of 15.9% and a 81.0% success rate. Chan covers the Technology sector, focusing on stocks such as BlackBerry, Celestica, and Open Text.

Absolute Software has an analyst consensus of Moderate Buy, with a price target consensus of C$8.90.

The company has a one year high of C$8.46 and a one year low of C$5.81. Currently, Absolute Software has an average volume of 82.39K.

Absolute Software Corp. provides endpoint security and data risk management solutions to commercial, healthcare, education and government customers. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software was founded on November 24, 1993 and is headquartered in Vancouver, Canada.

The company’s shares closed last Monday at $7.77.