Altus Group (TSE:AIF) Price Target Raised to C$62.00

Altus Group (TSE:AIF) had its target price raised by stock analysts at Royal Bank of Canada from C$56.00 to C$62.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential upside of 13.89% from the stock’s previous close.

Separately, CIBC boosted their price target on Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Altus Group currently has a consensus rating of “Hold” and an average target price of C$57.44.

Altus Group Price Performance

Shares of Altus Group stock traded down C$1.39 on Friday, reaching C$54.44. The stock had a trading volume of 234,582 shares, compared to its average volume of 77,167. The business’s 50 day moving average is C$56.87 and its two-hundred day moving average is C$55.77. The company has a market cap of C$2.53 billion, a P/E ratio of 952.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. Altus Group has a 1 year low of C$45.98 and a 1 year high of C$61.09.

Insider Buying and Selling

In other news, Director William Brennan bought 1,227 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of C$56.43 per share, for a total transaction of C$69,239.61. Over the last 90 days, insiders have acquired 9,027 shares of company stock worth $515,312. Insiders own 4.05% of the company’s stock.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.