Altus Group (TSE:AIF - Get Free Report) had its price objective dropped by equities research analysts at Royal Bank of Canada from C$62.00 to C$58.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target would indicate a potential upside of 17.77% from the company's current price.
Separately, CIBC cut their price target on shares of Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$56.67.
Read Our Latest Research Report on Altus Group
Altus Group Price Performance
Shares of AIF stock traded down C$0.01 during trading hours on Tuesday, reaching C$49.25. The company's stock had a trading volume of 68,094 shares, compared to its average volume of 96,087. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The company has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 861.79, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a fifty-two week low of C$46.09 and a fifty-two week high of C$61.09. The firm's 50 day simple moving average is C$52.00 and its 200-day simple moving average is C$54.84.
Insider Transactions at Altus Group
In other Altus Group news, Director William Brennan purchased 22,156 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of C$52.09 per share, with a total value of C$1,154,106.04. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of Altus Group stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$54.28, for a total transaction of C$135,700.00. 4.05% of the stock is currently owned by insiders.
About Altus Group
(
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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.
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