Altus Group (TSE:AIF) Price Target Cut to C$67.00 by Analysts at TD Securities

Altus Group (TSE:AIF) had its price target dropped by equities research analysts at TD Securities from C$70.00 to C$67.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 42.01% from the stock’s current price.

Other analysts have also issued research reports about the company. Scotiabank upped their target price on Altus Group from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. CIBC decreased their price objective on shares of Altus Group from C$63.00 to C$54.00 and set a “neutral” rating on the stock in a research report on Friday. National Bankshares upgraded shares of Altus Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$60.00 to C$74.00 in a report on Wednesday, August 13th. Royal Bank Of Canada cut their target price on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Altus Group has a consensus rating of “Moderate Buy” and a consensus price target of C$57.33.

Altus Group Price Performance

Shares of AIF traded down C$6.45 on Friday, reaching C$47.18. The stock had a trading volume of 1,309,457 shares, compared to its average volume of 143,274. Altus Group has a twelve month low of C$43.84 and a twelve month high of C$63.07. The firm has a market capitalization of C$2.03 billion, a PE ratio of 5.40, a PEG ratio of 0.96 and a beta of 0.68. The firm has a 50-day moving average of C$59.03 and a 200 day moving average of C$56.21. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

About Altus Group

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.