Scotiabank Has Lowered Expectations for Altus Group (TSE:AIF) Stock Price

Altus Group (TSE:AIF) had its price objective dropped by equities researchers at Scotiabank from C$63.00 to C$56.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 11.60% from the company’s current price.

A number of other research analysts also recently issued reports on AIF. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$74.00 to C$52.00 in a research note 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. National Bank Financial upgraded shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, CIBC dropped their target price 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, November 7th. One 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 stock has an average rating of “Moderate Buy” and an average target price of C$56.83.

Altus Group Stock Performance

AIF stock opened at C$50.18 on Monday. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The firm has a market cap of C$2.17 billion, a PE ratio of 5.61, a P/E/G ratio of 0.96 and a beta of 0.68. The business has a 50 day moving average of C$58.25 and a 200-day moving average of C$56.28. Altus Group has a 12-month low of C$43.84 and a 12-month high of C$63.07.

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.