CIBC Boosts Altus Group (TSE:AIF) Price Target to C$60.00

Altus Group (TSE:AIF) had its target price increased by research analysts at CIBC from C$52.00 to C$60.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 6.65% from the stock’s current price.

A number of other research firms have also recently commented on AIF. National Bankshares increased their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Royal Bank of Canada upped their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$57.11.

Altus Group Price Performance

Shares of AIF stock traded up C$0.35 during trading on Thursday, hitting C$56.26. The company had a trading volume of 22,108 shares, compared to its average volume of 74,501. The stock’s 50-day moving average price is C$56.12 and its 200 day moving average price is C$53.58. Altus Group has a one year low of C$40.01 and a one year high of C$61.09. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm has a market capitalization of C$2.59 billion, a P/E ratio of 937.67, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Insider Transactions at Altus Group

In other news, Director William Brennan purchased 15,320 shares of Altus Group stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of C$57.35 per share, for a total transaction of C$878,602.00. Insiders acquired 49,173 shares of company stock worth $2,801,138 over the last quarter. 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.