Brokerages Set Altus Group Ltd (TSE:AIF) Price Target at C$39.83

Altus Group Ltd (TSE:AIF) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$39.83.

A number of analysts have recently issued reports on AIF shares. Canaccord Genuity increased their price target on shares of Altus Group from C$40.00 to C$44.00 in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Altus Group from C$39.00 to C$44.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Cormark lowered shares of Altus Group from a “buy” rating to a “market perform” rating in a research note on Friday, August 9th. TD Securities increased their target price on shares of Altus Group from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, CIBC increased their target price on shares of Altus Group from C$26.00 to C$30.00 in a research report on Tuesday, October 29th.

Shares of AIF traded down C$0.16 during mid-day trading on Friday, reaching C$35.82. The company’s stock had a trading volume of 44,939 shares, compared to its average volume of 84,091. The company has a market cap of $1.44 billion and a price-to-earnings ratio of 442.22. The business has a fifty day moving average of C$37.38 and a 200 day moving average of C$34.64. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 62.30. Altus Group has a 1 year low of C$21.67 and a 1 year high of C$40.29.

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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