BMO Capital Markets Has Lowered Expectations for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price objective cut by equities researchers at BMO Capital Markets from C$62.00 to C$56.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 11.60% from the company’s current price.

A number of other equities analysts have also recently issued reports on AIF. Scotiabank dropped their price target on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday. Royal Bank Of Canada decreased 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 report on Friday, November 7th. TD Securities cut their price target on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, November 7th. CIBC reduced their price target on shares of Altus Group from C$63.00 to C$54.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, National Bankshares cut Altus Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$74.00 to C$52.00 in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$56.83.

Altus Group Trading Up 3.8%

TSE AIF opened at C$50.18 on Monday. Altus Group has a 12 month low of C$43.84 and a 12 month high of C$63.07. The stock has a market cap of C$2.17 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.96 and a beta of 0.68. The stock’s fifty day moving average price is C$58.25 and its 200-day moving average price is C$56.28. The company has a current ratio of 2.09, a quick ratio of 1.30 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.