TD Securities Raises Altus Group (TSE:AIF) Price Target to C$70.00

Key Points

• TD Securities has raised the price target for Altus Group (TSE:AIF) from C$63.00 to C$70.00, indicating a potential upside of 12.92% from its current price.
• Other analyst ratings include a strong-buy from National Bank Financial, and a target price increase from C$60.00 to C$74.00, reflecting positive sentiment towards the stock.
• As of the latest trading session, Altus Group shares have reached C$61.99, with a fifty-two week high of C$62.30 and a market capitalization of C$2.67 billion.

Altus Group (TSE:AIF - Get Free Report) had its price target upped by equities research analysts at TD Securities from C$63.00 to C$70.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 12.92% from the company's current price.

Other equities research analysts have also issued research reports about the stock. National Bank Financial raised shares of Altus Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$60.00 to C$74.00 in a research report on Wednesday, August 13th. Finally, Scotiabank raised their target price on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$61.83.

Altus Group Stock Performance

Shares of TSE:AIF traded up C$1.16 during trading on Friday, reaching C$61.99. The company had a trading volume of 93,516 shares, compared to its average volume of 137,403. Altus Group has a fifty-two week low of C$46.36 and a fifty-two week high of C$62.30. The stock's fifty day moving average price is C$59.32 and its 200 day moving average price is C$54.78. 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 firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90.

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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