Altus Group (TSE:AIF) Raised to "Outperform" at National Bankshares

Key Points

• Altus Group has been upgraded to "outperform" by National Bankshares, raising its price target from C$60.00 to C$74.00, indicating a potential upside of 21.71% from its current price.
• Other analysts also updated their price targets, with BMO Capital Markets increasing theirs to C$62.00, while CIBC reduced theirs to C$54.00.
• Altus Group's shares traded at C$60.80 recently, with a market capitalization of C$2.83 billion and a notable increase in trading volume.

Altus Group (TSE:AIF - Get Free Report) was upgraded by National Bankshares from a "sector perform" rating to an "outperform" rating in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a C$74.00 price objective on the stock, up from their prior price objective of C$60.00. National Bankshares' price objective would suggest a potential upside of 21.71% from the company's current price.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upped their price target on Altus Group from C$60.00 to C$62.00 in a research report on Thursday, May 22nd. CIBC dropped their price target on Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Scotiabank upped their price target on Altus Group from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada dropped their price target on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd.

Altus Group Stock Performance

Shares of TSE AIF traded up C$2.64 during trading on Wednesday, reaching C$60.80. 291,690 shares of the stock traded hands, compared to its average volume of 124,650. Altus Group has a 52-week low of C$46.36 and a 52-week high of C$62.00. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company has a 50-day moving average of C$54.10 and a 200-day moving average of C$53.65. The stock has a market capitalization of C$2.83 billion, a P/E ratio of 1,063.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Insider Activity at Altus Group

In other Altus Group news, Senior Officer Kimberly Carter sold 725 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$55.00, for a total value of C$39,875.00. Also, Director Anthony Long sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$56.16, for a total value of C$168,468.00. Company 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.

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