Altus Group (TSE:AIF) Price Target Raised to C$40.00 at BMO Capital Markets

Altus Group (TSE:AIF) had its price target lifted by equities researchers at BMO Capital Markets from C$38.00 to C$40.00 in a report released on Friday, November 8th, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 6.02% from the company’s previous close.

A number of other analysts have also weighed in on AIF. TD Securities increased their price objective on Altus Group from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, August 9th. CIBC increased their price objective on Altus Group from C$26.00 to C$30.00 in a research note on Tuesday, October 29th. National Bank Financial lowered Altus Group from an “outperform” rating to a “sector perform” rating and set a C$40.00 price objective for the company. in a research note on Wednesday, October 23rd. Cormark lowered Altus Group from a “buy” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on Altus Group from C$39.00 to C$44.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$39.83.

Shares of TSE AIF traded up C$0.57 during midday trading on Friday, hitting C$37.73. 101,158 shares of the company’s stock were exchanged, compared to its average volume of 83,411. The company has a market cap of $1.49 billion and a price-to-earnings ratio of 465.80. The business’s fifty day moving average price is C$36.52 and its two-hundred day moving average price is C$35.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 62.30. Altus Group has a 12-month low of C$21.67 and a 12-month high of C$40.29.

Altus Group Company Profile

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

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Analyst Recommendations for Altus Group (TSE:AIF)

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