Altus Group (TSE:AIF) Stock Price Expected to Rise, TD Securities Analyst Says

Altus Group (TSE:AIF) had its price objective raised by equities research analysts at TD Securities from C$63.00 to C$70.00 in a research note issued on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 12.31% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. National Bankshares raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$60.00 to C$74.00 in a research report on Wednesday, August 13th. Finally, Scotiabank lifted their price target on shares of Altus Group from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$61.83.

Altus Group Trading Up 2.5%

Shares of AIF stock opened at C$62.33 on Friday. The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. Altus Group has a fifty-two week low of C$46.36 and a fifty-two week high of C$62.37. The firm’s 50 day moving average price is C$59.44 and its two-hundred day moving average price is C$54.88.

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.