Altus Group (TSE:AIF) Price Target Lowered to C$56.00 at Scotiabank

Altus Group (TSE:AIF) had its price objective cut by analysts at Scotiabank from C$63.00 to C$56.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 15.13% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. CIBC dropped their price objective on shares of Altus Group from C$63.00 to C$54.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank Of Canada decreased their target price on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a research report on Friday. National Bank Financial raised Altus Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$74.00 to C$52.00 in a research report on Friday. Finally, TD Securities lowered their price objective on Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$56.83.

Altus Group Stock Performance

Shares of Altus Group stock traded up C$1.46 during midday trading on Monday, hitting C$48.64. The company had a trading volume of 268,161 shares, compared to its average volume of 143,726. Altus Group has a 1-year low of C$43.84 and a 1-year high of C$63.07. The business’s 50 day simple moving average is C$58.74 and its two-hundred day simple moving average is C$56.29. The stock has a market cap of C$2.10 billion, a PE ratio of 5.57, a P/E/G ratio of 0.96 and a beta of 0.68. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.