Royal Bank Of Canada Has Lowered Expectations for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price target dropped by stock analysts at Royal Bank Of Canada from C$58.00 to C$56.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 18.69% from the stock’s previous close.

Several other research analysts have also weighed in on AIF. TD Securities lifted their target price on Altus Group from C$63.00 to C$70.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Scotiabank lifted their price objective 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. National Bankshares upgraded Altus Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$60.00 to C$74.00 in a report on Wednesday, August 13th. Finally, National Bank Financial raised Altus Group from a “hold” rating to a “strong-buy” rating in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$57.33.

Altus Group Trading Down 12.0%

Shares of TSE AIF traded down C$6.45 during midday trading on Friday, reaching C$47.18. 1,309,457 shares of the stock were exchanged, compared to its average volume of 143,274. Altus Group has a 12 month low of C$43.84 and a 12 month high of C$63.07. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 5.40, a P/E/G ratio of 0.96 and a beta of 0.68. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The business has a 50-day simple moving average of C$59.03 and a two-hundred day simple moving average of C$56.21.

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.