CIBC Forecasts Strong Price Appreciation for Altus Group (TSE:AIF) Stock

Altus Group (TSE:AIF) had its target price lifted by research analysts at CIBC from C$52.00 to C$60.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 6.74% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada raised their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. National Bankshares raised their target price on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altus Group has an average rating of “Hold” and an average price target of C$57.11.

Altus Group Trading Up 0.5 %

Shares of TSE AIF opened at C$56.21 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 12 month low of C$40.01 and a 12 month high of C$61.09. The company has a market cap of C$2.59 billion, a price-to-earnings ratio of 936.83, a P/E/G ratio of 0.96 and a beta of 0.82. The business has a fifty day simple moving average of C$56.25 and a 200-day simple moving average of C$53.69.

Insider Buying and Selling

In other Altus Group news, Director William Brennan acquired 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average price of C$54.48 per share, with a total value of C$27,240.00. Over the last ninety days, insiders bought 49,173 shares of company stock worth $2,801,138. Corporate insiders own 4.05% of the company’s stock.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.