Altus Group (TSE:AIF) Price Target Raised to C$62.00 at Royal Bank of Canada

Altus Group (TSE:AIF - Free Report) had its target price upped by Royal Bank of Canada from C$56.00 to C$62.00 in a report published on Friday morning,BayStreet.CA reports.

Separately, CIBC lifted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$57.44.

Altus Group Stock Performance

TSE AIF traded down C$0.83 during trading hours on Friday, hitting C$55.00. The company's stock had a trading volume of 381,148 shares, compared to its average volume of 81,348. Altus Group has a 12 month low of C$45.98 and a 12 month high of C$61.09. The company's 50 day simple moving average is C$56.83 and its two-hundred day simple moving average is C$55.75. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company has a market cap of C$2.56 billion, a P/E ratio of 962.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Insider Activity

In other Altus Group news, Director William Brennan acquired 1,227 shares of the business's stock in a transaction dated 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. Insiders acquired 9,027 shares of company stock valued at $515,312 in the last quarter. 4.05% of the stock is currently owned by insiders.

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.