Altus Group (TSE:AIF) Given New C$57.00 Price Target at CIBC

Altus Group (TSE:AIF) had its price target lowered by research analysts at CIBC from C$60.00 to C$57.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 4.70% from the stock’s current price.

Separately, Royal Bank of Canada upped their price objective on shares of 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$57.44.

Altus Group Price Performance

AIF traded down C$1.39 on Friday, reaching C$54.44. The stock had a trading volume of 234,582 shares, compared to its average volume of 77,167. 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 capitalization of C$2.53 billion, a price-to-earnings ratio of 952.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a fifty-two week low of C$45.98 and a fifty-two week high of C$61.09. The firm has a 50-day moving average of C$56.87 and a 200-day moving average of C$55.77.

Insider Buying and Selling

In other Altus Group news, Director William Brennan purchased 1,227 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of C$56.43 per share, for a total transaction of C$69,239.61. In the last quarter, insiders have purchased 9,027 shares of company stock valued at $515,312. 4.05% of the stock is owned by company insiders.

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.