Altus Group (TSE:AIF) Given New C$56.00 Price Target at Royal Bank Of Canada

by · The Cerbat Gem

Altus Group (TSE:AIF – Get Free Report) had its target price decreased by stock analysts at Royal Bank Of Canada from C$58.00 to C$56.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 18.69% from the company’s previous close.

AIF has been the topic of several other reports. National Bankshares raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. TD Securities upped their price objective on Altus Group from C$63.00 to C$70.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. National Bank Financial raised Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Scotiabank boosted their target price on Altus Group from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$57.33.

Read Our Latest Report on AIF

Altus Group Price Performance

TSE AIF traded down C$6.45 on Friday, hitting C$47.18. 1,309,457 shares of the company were exchanged, compared to its average volume of 143,274. Altus Group has a 1-year low of C$43.84 and a 1-year high of C$63.07. The firm has a 50 day moving average of C$59.03 and a two-hundred day moving average of C$56.21. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The company has a market cap of C$2.03 billion, a P/E ratio of 5.40, a P/E/G ratio of 0.96 and a beta of 0.68.

About Altus Group

(Get Free Report)

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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