Altus Group (TSE:AIF) Given New C$62.00 Price Target at Royal Bank of Canada

Altus Group (TSE:AIF) had its price objective hoisted by Royal Bank of Canada from C$56.00 to C$62.00 in a research note released on Friday,BayStreet.CA reports.

Separately, CIBC raised their price target on Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Altus Group currently has a consensus rating of “Hold” and an average target price of C$57.44.

Altus Group Price Performance

Altus Group stock opened at C$55.00 on Friday. The business’s 50-day simple moving average is C$56.83 and its 200 day simple moving average is C$55.74. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 962.40, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group has a 12-month low of C$45.98 and a 12-month high of C$61.09. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

Insiders Place Their Bets

In other Altus Group news, Director William Brennan sold 11,150 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50. Over the last quarter, insiders have purchased 8,984 shares of company stock worth $512,833. Insiders own 4.05% of the company’s stock.

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.