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A statement released earlier today by BMO Capital Markets about Absolute Software (TSE:ABT) bumps the target price to $8.00

BMO Capital Markets upped the stock price target of Absolute Software (TSE:ABT) to $8.00 stating a potential upside of 0.13%.

On Friday August 18, 2017, BMO Capital Markets released a statement for Absolute Software (TSE:ABT) bumped up the target price from $0.00 to $8.50 that suggested an upside of 0.13%.

Boasting a price of $7.08, Absolute Software (TSE:ABT) traded -6.13% lower on the day. With the last stock price close down -1.90% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Absolute Software has recorded a 50-day average of $7.96 and a two hundred day average of $7.65. Trade Volume was up over the average, with 468,602 shares of ABT changing hands over the typical 52,936

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Absolute Software (TSE:ABT)

Absolute Software has a 52 week low of $5.81 and a 52 week high of $8.42 The company’s market cap is currently $0.

In addition to BMO Capital Markets reporting its target price, a total of 7 brokers have issued a ratings update on Absolute Software. The 12-month price target is $7.51 with zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero analysts rating the company a hold, zero firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Absolute Software (TSE:ABT)

Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones. The Company's solutions are delivered in a software as a service (SaaS) business model. The Company's solutions and technology include Absolute Data and Device Security (Absolute DDS), which enables customers to secure endpoints, asses risk and respond to security threats; Persistence Technology, and Persistence Services. The Company's Absolute DDS enables customers to monitor the security posture of their computing endpoints and respond to security threats. With Absolute DDS, customers can define security alerts based on changes in device attributes, such as software, data, hardware and users.

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