Altus Group Ltd (TSE:AIF) Receives Consensus Recommendation of “Buy” from Brokerages
Altus Group Ltd (TSE:AIF) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$27.85.
Several analysts recently issued reports on the company. National Bank Financial reiterated an “outperform overweight” rating on shares of Altus Group in a report on Monday, September 26th. CIBC raised their target price on Altus Group from C$20.00 to C$24.25 in a research note on Friday, August 12th. Canaccord Genuity raised their target price on Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, August 12th. TD Securities initiated coverage on Altus Group in a research note on Friday, July 15th. They set a “buy” rating and a C$28.00 target price for the company. Finally, BMO Capital Markets raised their target price on Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, August 12th.
Shares of Altus Group (TSE:AIF) opened at 29.19 on Friday. The firm’s 50-day moving average price is $28.12 and its 200 day moving average price is $23.54. The stock has a market capitalization of $1.08 billion and a P/E ratio of 64.72. Altus Group has a 1-year low of $16.90 and a 1-year high of $29.63.
In related news, insider Jim Derbyshire sold 10,900 shares of Altus Group stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$29.10, for a total value of C$317,190.00.
About Altus Group
Altus Group Limited is a Canada-based provider of independent advisory services, software and data solutions to the commercial real estate industry. The Company’s five core practices include: Research, Valuation and Advisory (RVA), ARGUS Software (AS), Property Tax Consulting (PTC), Cost Consulting and Project Management (CCPM) and Geomatics.
Receive News & Ratings for Altus Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group Ltd and related companies with MarketBeat.com's FREE daily email newsletter.