Altus Group Ltd (AIF) Price Target Raised to C$35.00

Altus Group Ltd (TSE:AIF) had its price target raised by stock analysts at TD Securities from C$28.00 to C$35.00 in a report issued on Monday, reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 19.66% from the company’s current price.

A number of other equities research analysts have also weighed in on AIF. BMO Capital Markets raised their price objective on shares of Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Canaccord Genuity raised their price objective on shares of Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, August 12th. CIBC lifted their price target on shares of Altus Group from C$20.00 to C$24.25 in a research note on Friday, August 12th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Altus Group in a research note on Monday, September 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$27.85.

Analyst Recommendations for Altus Group (TSE:AIF)

Shares of Altus Group (TSE:AIF) traded up 0.68% on Monday, hitting $29.45. 56,644 shares of the company’s stock were exchanged. Altus Group has a 12-month low of $16.90 and a 12-month high of $29.63. The company’s 50-day moving average price is $27.89 and its 200 day moving average price is $23.34. The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 65.30.

In other Altus Group news, insider Jim Derbyshire sold 10,900 shares of the firm’s stock in a transaction on 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.

Stock Target Prices

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