CIBC Cuts Altus Group (TSE:AIF) Price Target to C$57.00

Altus Group (TSE:AIF) had its price objective decreased by CIBC from C$60.00 to C$57.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Separately, Royal Bank of Canada raised their target price on Altus Group from C$56.00 to C$62.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$57.44.

Altus Group Trading Down 1.5 %

TSE AIF opened at C$55.00 on Friday. The business has a 50 day simple moving average of C$56.83 and a 200 day simple moving average of C$55.74. Altus Group has a one year low of C$45.98 and a one year high of C$61.09. The stock has a market capitalization of C$2.56 billion, a P/E ratio of 962.40, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

Insider Buying and Selling at Altus Group

In other news, Director William Brennan acquired 1,227 shares of Altus Group stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of C$56.43 per share, with a total value of C$69,239.61. Over the last quarter, insiders bought 8,984 shares of company stock valued at $512,833. Company insiders own 4.05% of the company’s stock.

About Altus Group

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.