Canaccord Genuity Upgrades Absolute Software (ABT) to Buy

By Austin Angelo

Absolute Software (ABTResearch Report) has received a rating update from a Wall Street analyst today. The Technology company, Absolute Software (TSX: ABT) has just received a rating update from a Wall Street analyst.

Taylor has an average return of 12.1% when recommending Absolute Software.

According to TipRanks.com, Taylor is ranked #775 out of 5239 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Absolute Software with a C$10.25 average price target.

Absolute Software’s market cap is currently C$305.3M and has a P/E ratio of 28.50. The company has a Price to Book ratio of -4.45.

Absolute Software Corp. engages in the development, marketing, and support of management and data security solutions for endpoint computing devices. It includes education, financial services, general date protection regulations (GDPR) compliance, government, healthcare, professional services, and technology solutions such as Absolute for Android, and Absolute for Chromebook. The company was founded on November 24, 1993 and is headquartered in Vancouver, Canada.

The company’s shares closed last Wednesday at C$7.94.