TD Securities Lowers Altus Group (TSE:AIF) Price Target to C$67.00

Altus Group (TSE:AIF) had its price target reduced by investment analysts at TD Securities from C$70.00 to C$67.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 42.01% from the company’s previous close.

Several other equities analysts have also recently commented on AIF. Scotiabank raised their target price on shares of Altus Group from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. CIBC lowered 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 note on Friday. National Bank Financial upgraded Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada decreased their price target on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, National Bankshares raised Altus Group from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group presently has an average rating of “Moderate Buy” and an average price target of C$57.33.

Altus Group Price Performance

Shares of AIF opened at C$47.18 on Friday. Altus Group has a one year low of C$43.84 and a one year high of C$63.07. The stock’s fifty day moving average is C$58.74 and its 200-day moving average is C$56.24. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

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.