Altus Group (TSE:AIF) Price Target Raised to C$60.00

Altus Group (TSE:AIF - Get Free Report) had its price objective upped by analysts at CIBC from C$52.00 to C$60.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. CIBC's price objective would suggest a potential upside of 7.28% from the company's current price.

Several other research analysts also recently issued reports on AIF. Royal Bank of Canada upped their price target on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. National Bankshares raised their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$57.11.

Altus Group Stock Performance

Altus Group stock traded up C$0.02 on Thursday, hitting C$55.93. The company's stock had a trading volume of 61,933 shares, compared to its average volume of 74,665. The company has a fifty day moving average price of C$56.12 and a 200-day moving average price of C$53.58. The firm has a market cap of C$2.58 billion, a P/E ratio of 932.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a one year low of C$40.01 and a one year high of C$61.09. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13.

Insider Buying and Selling

In related news, Director William Brennan acquired 1,227 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of C$56.43 per share, with a total value of C$69,239.61. Insiders acquired 49,173 shares of company stock valued at $2,801,138 over the last 90 days. Company insiders own 4.05% of the company's stock.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.