Altus Group Ltd (TSE:AIF) had its target price raised by equities researchers at TD Securities from C$28.00 to C$35.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 19.90% from the company’s previous close.
Several other research firms also recently weighed in on AIF. National Bank Financial restated an “outperform overweight” rating on shares of Altus Group in a research report on Monday, September 26th. CIBC upped their price target on shares of Altus Group from C$20.00 to C$24.25 in a research report on Friday, August 12th. BMO Capital Markets upped their price target on shares of Altus Group from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Finally, Canaccord Genuity upped their price target on shares of Altus Group from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$27.85.
Shares of Altus Group (TSE:AIF) opened at 29.19 on Monday. The firm has a 50-day moving average of $28.12 and a 200 day moving average of $23.54. The company has a market cap of $1.08 billion and a P/E ratio of 64.72. Altus Group has a 52 week low of $16.90 and a 52 week high of $29.63.
In related news, insider Jim Derbyshire sold 10,900 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$29.10, for a total transaction 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.
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