Altus Group (TSE:AIF - Get Free Report) had its target price dropped by CIBC from C$60.00 to C$57.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC's price objective indicates a potential upside of 3.64% from the stock's previous close.
Separately, Royal Bank of Canada increased their target price on Altus Group from C$56.00 to C$62.00 in a research report on Friday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$57.44.
View Our Latest Research Report on Altus Group
Altus Group Price Performance
Shares of AIF traded down C$0.83 during midday trading on Friday, hitting C$55.00. 381,148 shares of the company traded hands, compared to its average volume of 81,348. Altus Group has a 52 week low of C$45.98 and a 52 week high of C$61.09. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The firm has a 50 day moving average of C$56.83 and a 200-day moving average of C$55.75. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 962.40, a PEG ratio of 0.96 and a beta of 0.82.
Insider Activity
In other Altus Group news, Director William Brennan sold 11,150 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of C$55.45, for a total transaction of C$618,267.50. Insiders purchased 9,027 shares of company stock valued at $515,312 in the last ninety days. Insiders own 4.05% of the company's stock.
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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