Altus Group (TSE:AIF) Price Target Lowered to C$56.00 at BMO Capital Markets

Altus Group (TSE:AIF) had its price objective decreased by research analysts at BMO Capital Markets from C$62.00 to C$56.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 15.13% from the company’s previous close.

A number of other brokerages also recently issued reports on AIF. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$74.00 to C$52.00 in a report on Friday. TD Securities lowered their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday. National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Royal Bank Of Canada decreased their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a report on Friday. Finally, CIBC lowered 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 research report on Friday. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$56.83.

Altus Group Stock Up 3.1%

TSE AIF traded up C$1.46 during mid-day trading on Monday, reaching C$48.64. The stock had a trading volume of 268,161 shares, compared to its average volume of 143,726. The stock has a market cap of C$2.10 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68. Altus Group has a 1 year low of C$43.84 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company has a fifty day moving average price of C$58.74 and a 200 day moving average price of C$56.29.

Altus Group Company Profile

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.