Royal Bank Of Canada upgraded shares of Altus Group Ltd (TSE:AIF) from a sector perform rating to an outperform rating in a report released on Thursday. The firm currently has C$36.00 price objective on the stock, up from their previous price objective of C$33.00.
Separately, TD Securities dropped their target price on shares of Altus Group from C$37.00 to C$35.00 and set a buy rating on the stock in a report on Monday, May 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$33.67.
Altus Group (TSE AIF) traded up 4.31% during mid-day trading on Thursday, hitting $32.40. 254,388 shares of the company were exchanged. The company has a market capitalization of $1.24 billion and a P/E ratio of 72.81. The company’s 50-day moving average is $27.71 and its 200 day moving average is $29.59. Altus Group has a 12-month low of $22.42 and a 12-month high of $33.50.
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In other Altus Group news, Director Alex Probyn sold 9,000 shares of Altus Group stock in a transaction on Monday, May 15th. The shares were sold at an average price of C$30.27, for a total value of C$272,430.00. Also, Director Raymond Mikulich purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of C$30.00 per share, with a total value of C$30,000.00. Over the last ninety days, insiders acquired 4,000 shares of company stock valued at $117,750.
Altus Group Company Profile
Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate industry. Its Altus Analytics unit offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation and portfolio management; ARGUS Developer, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.
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