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

Altus Group (TSE:AIF) had its target price reduced by CIBC from C$60.00 to C$57.00 in a research note published on Friday morning,BayStreet.CA reports.

Separately, Royal Bank of Canada lifted their price objective on Altus Group from C$56.00 to C$62.00 in a research report on Friday. Five investment 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 stock presently has a consensus rating of “Hold” and an average price target of C$57.44.

Altus Group Price Performance

Shares of AIF stock opened at C$55.00 on Friday. The stock has a 50-day moving average price of C$56.83 and a 200 day moving average price of C$55.76. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm 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. Altus Group has a 12 month low of C$45.98 and a 12 month high of C$61.09.

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan acquired 7,286 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of C$57.24 per share, for a total transaction of C$417,050.64. In the last ninety days, insiders purchased 9,027 shares of company stock worth $515,312. 4.05% of the stock is currently 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.