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

Altus Group (TSE:AIF) had its price objective increased by Royal Bank of Canada from C$56.00 to C$62.00 in a research note issued to investors on Friday,BayStreet.CA reports.

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

Altus Group Stock Performance

Shares of TSE AIF opened at C$55.00 on Friday. The business has a fifty day simple moving average of C$56.83 and a 200 day simple moving average of C$55.74. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 962.40, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a one year low of C$45.98 and a one year high of C$61.09.

Insiders Place Their Bets

In related news, Director William Brennan acquired 1,227 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of C$56.43 per share, for a total transaction of C$69,239.61. Insiders purchased 8,984 shares of company stock worth $512,833 over the last three months. 4.05% of the stock is currently owned by corporate insiders.

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.