Analysts Set Altus Group Ltd (TSE:AIF) Target Price at C$36.00

Shares of Altus Group Ltd (TSE:AIF) have earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$36.00.

A number of brokerages have weighed in on AIF. TD Securities boosted their price target on Altus Group from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Cormark cut Altus Group from a “buy” rating to a “market perform” rating in a research report on Friday, August 9th. National Bank Financial boosted their price target on Altus Group from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Canaccord Genuity boosted their price target on Altus Group from C$33.00 to C$34.00 in a research report on Thursday, June 27th. Finally, CIBC boosted their price target on Altus Group from C$23.00 to C$26.00 in a research report on Wednesday, June 19th.

AIF traded up C$0.24 during trading on Friday, reaching C$38.00. 135,706 shares of the stock traded hands, compared to its average volume of 83,573. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of -408.60. Altus Group has a fifty-two week low of C$21.67 and a fifty-two week high of C$38.74. The company has a debt-to-equity ratio of 64.50, a current ratio of 0.86 and a quick ratio of 0.85. The stock’s 50-day simple moving average is C$33.70 and its two-hundred day simple moving average is C$29.14.

In other Altus Group news, Senior Officer Niall Mcsweeney sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$29.55, for a total value of C$59,102.00. Following the completion of the sale, the insider now owns 33,866 shares of the company’s stock, valued at C$1,000,774.17.

About Altus Group

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

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Analyst Recommendations for Altus Group (TSE:AIF)

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