Altus Group Ltd (AIF) Receives Average Rating of “Buy” from Analysts
Shares of Altus Group Ltd (TSE:AIF) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$34.80.
A number of analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of Altus Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$33.00 to C$36.00 in a research report on Thursday. Canaccord Genuity upped their price objective on shares of Altus Group from C$34.00 to C$36.00 in a research report on Thursday. CIBC cut shares of Altus Group from an “outperform” rating to a “neutral” rating in a research report on Thursday. Finally, TD Securities increased their target price on Altus Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday.
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In other Altus Group news, Director Alex Probyn sold 9,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of C$30.27, for a total transaction of C$272,430.00. Also, Director Raymond Mikulich bought 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were purchased at an average price of C$28.05 per share, with a total value of C$28,050.00. In the last quarter, insiders have acquired 4,000 shares of company stock valued at $117,750.
Shares of Altus Group (TSE AIF) traded up 4.60% on Friday, hitting $32.49. The stock had a trading volume of 201,179 shares. Altus Group has a one year low of $22.42 and a one year high of $33.50. The company has a market capitalization of $1.24 billion and a P/E ratio of 73.01. The firm has a 50 day moving average price of $27.71 and a 200 day moving average price of $29.59.
About Altus Group
Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate industry. Its Altus Analytics unit offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation and portfolio management; ARGUS Developer, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.
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