Altus Group Ltd (AIF) Price Target Raised to C$35.00
Altus Group Ltd (TSE:AIF) had its target price upped by research analysts at TD Securities from C$28.00 to C$35.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 19.66% from the stock’s previous close.
A number of other brokerages also recently issued reports on AIF. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Altus Group in a research report on Monday, September 26th. CIBC boosted their price objective on shares of Altus Group from C$20.00 to C$24.25 in a report on Friday, August 12th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, Canaccord Genuity boosted their price objective on shares of Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$27.85.
Altus Group (TSE:AIF) traded up 0.68% during trading on Monday, hitting $29.45. The stock had a trading volume of 56,644 shares. The company has a 50-day moving average of $27.89 and a 200 day moving average of $23.34. The firm has a market cap of $1.09 billion and a P/E ratio of 65.30. Altus Group has a 52-week low of $16.90 and a 52-week high of $29.63.
In other Altus Group news, insider Jim Derbyshire sold 10,900 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of C$29.10, for a total value of C$317,190.00.
About Altus Group
Altus Group Limited is a Canada-based provider of independent advisory services, software and data solutions to the commercial real estate industry. The Company’s five core practices include: Research, Valuation and Advisory (RVA), ARGUS Software (AS), Property Tax Consulting (PTC), Cost Consulting and Project Management (CCPM) and Geomatics.
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