Altus Group Ltd (TSE:AIF)‘s stock had its “outperform overweight” rating reaffirmed by National Bank Financial in a research note issued on Monday.
Other analysts have also issued research reports about the company. TD Securities started coverage on Altus Group in a research note on Friday, July 15th. They set a “buy” rating and a C$28.00 price objective for the company. CIBC increased their price objective on Altus Group from C$20.00 to C$24.25 in a research note on Friday, August 12th. BMO Capital Markets increased their price objective on Altus Group from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, August 12th. Finally, Canaccord Genuity increased their price objective on Altus Group from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$26.45.
Altus Group (TSE:AIF) traded down 0.17% during mid-day trading on Monday, reaching $29.38. 34,164 shares of the company traded hands. The company’s 50-day moving average is $27.53 and its 200-day moving average is $23.23. Altus Group has a 12-month low of $16.90 and a 12-month high of $29.61. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of 65.14.
In other news, insider Jim Derbyshire sold 10,900 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was 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.
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