Altus Group (TSE:AIF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Altus Group (TSE:AIF) had its target price upped by equities research analysts at Royal Bank of Canada from C$56.00 to C$62.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 13.89% from the company’s current price.

Separately, CIBC boosted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$57.44.

Altus Group Price Performance

TSE:AIF traded down C$1.39 during midday trading on Friday, hitting C$54.44. 234,582 shares of the stock were exchanged, compared to its average volume of 77,167. Altus Group has a one year low of C$45.98 and a one year high of C$61.09. The company has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 952.60, a P/E/G ratio of 0.96 and a beta of 0.82. The business has a 50-day moving average price of C$56.87 and a two-hundred day moving average price of C$55.77. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91.

Insider Activity at Altus Group

In other news, Director William Brennan bought 7,286 shares of the stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of C$57.24 per share, for a total transaction of C$417,050.64. Over the last 90 days, insiders acquired 9,027 shares of company stock valued at $515,312. Corporate insiders own 4.05% of the company’s stock.

Altus Group Company Profile

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.