Altus Group Limited (TSE:AIF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Altus Group Limited (TSE:AIF – Get Rating) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$66.50.

Several equities analysts have weighed in on AIF shares. Stifel Nicolaus raised their price target on Altus Group from C$55.00 to C$62.00 in a report on Friday, August 12th. CIBC lifted their target price on Altus Group from C$54.00 to C$58.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Cormark lifted their target price on Altus Group from C$65.00 to C$66.00 in a report on Friday, August 12th. Finally, Royal Bank of Canada lifted their target price on Altus Group from C$61.00 to C$70.00 and gave the stock an “outperform” rating in a report on Friday, August 12th.

Altus Group Stock Performance

TSE AIF opened at C$47.15 on Friday. The stock has a market capitalization of C$2.10 billion and a PE ratio of 277.35. The business has a 50 day simple moving average of C$51.19 and a two-hundred day simple moving average of C$48.46. The company has a debt-to-equity ratio of 73.82, a current ratio of 1.43 and a quick ratio of 1.42. Altus Group has a 1-year low of C$41.27 and a 1-year high of C$72.33.

About Altus Group

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Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.

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Analyst Recommendations for Altus Group (TSE:AIF)

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