Altus Group Ltd (TSE:AIF) has received an average rating of “Buy” from the six brokerages that are currently covering the company. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$26.45.
Several equities analysts have issued reports on AIF shares. National Bank Financial reiterated an “outperform overweight” rating on shares of Altus Group in a research note on Monday, September 26th. TD Securities initiated coverage on Altus Group in a report on Friday, July 15th. They issued a “buy” rating and a C$28.00 price target for the company. CIBC raised their price target on Altus Group from C$20.00 to C$24.25 in a report on Friday, August 12th. BMO Capital Markets raised their price target on Altus Group from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, August 12th. Finally, Canaccord Genuity raised their price target on Altus Group from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, August 12th.
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 transaction of C$317,190.00.
Shares of Altus Group (TSE:AIF) opened at 29.25 on Friday. Altus Group has a 12-month low of $16.90 and a 12-month high of $29.63. The company has a 50-day moving average of $27.89 and a 200 day moving average of $23.34. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of 64.86.
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.
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