CIBC downgraded shares of Altus Group Ltd (TSE:AIF) from an outperform rating to a neutral rating in a research report released on Thursday.

AIF has been the subject of a number of other reports. TD Securities lowered their price objective on shares of Altus Group from C$37.00 to C$35.00 and set a buy rating for the company in a research note on Monday, May 8th. Royal Bank Of Canada reaffirmed a sector perform rating and issued a C$33.00 price objective on shares of Altus Group in a research note on Thursday, June 8th. Finally, Canaccord Genuity upped their price objective on shares of Altus Group from C$34.00 to C$36.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Altus Group currently has a consensus rating of Buy and a consensus price target of C$33.67.

Altus Group (TSE AIF) traded up 4.31% during mid-day trading on Thursday, reaching $32.40. 254,388 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.24 billion and a P/E ratio of 72.81. Altus Group has a one year low of $22.42 and a one year high of $33.50. The company’s 50-day moving average is $27.71 and its 200 day moving average is $29.59.

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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 shares were sold at an average price of C$30.27, for a total transaction of C$272,430.00. Also, Director Raymond Mikulich purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of C$30.00 per share, with a total value of C$30,000.00. Over the last three months, insiders have acquired 4,000 shares of company stock valued at $117,750.

Altus Group Company Profile

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.

Analyst Recommendations for Altus Group (TSE:AIF)

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