Altus Group Ltd (AIF) Price Target Cut to C$35.00 by Analysts at TD Securities
Altus Group Ltd (TSE:AIF) had its price target trimmed by TD Securities from C$37.00 to C$35.00 in a report issued on Monday, May 15th, StockTargetPrices.com reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently issued reports on AIF. National Bank Financial increased their target price on Altus Group from C$34.00 to C$39.00 in a research note on Friday, February 24th. CIBC downgraded Altus Group from a neutral rating to an underperform rating in a research report on Friday, February 24th. Canaccord Genuity reduced their price target on Altus Group from C$38.00 to C$36.00 and set a buy rating for the company in a research report on Friday, February 24th. Finally, Royal Bank of Canada increased their price objective on Altus Group from C$28.00 to C$33.00 and gave the company a sector perform rating in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Altus Group has an average rating of Hold and an average target price of C$33.00.
Shares of Altus Group (TSE:AIF) traded down 0.23% during mid-day trading on Monday, hitting $30.32. 24,785 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $30.62 and a 200-day moving average price of $30.20. The stock has a market cap of $1.16 billion and a P/E ratio of 68.13. Altus Group has a 1-year low of $19.48 and a 1-year high of $33.50.
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In related news, Director Raymond Mikulich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of C$30.00 per share, for a total transaction of C$30,000.00. Also, Director Alex Probyn sold 9,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$30.27, for a total value of C$272,430.00.
About Altus Group
Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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