Altus Group Ltd (AIF) Price Target Raised to C$43.00
Altus Group Ltd (TSE:AIF) had its target price lifted by National Bank Financial from C$40.00 to C$43.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 18.10% from the stock’s previous close. National Bank Financial also issued estimates for Altus Group’s FY2018 earnings at $1.68 EPS.
A number of other equities analysts have also recently issued reports on AIF. Royal Bank Of Canada raised their price objective on shares of Altus Group from C$36.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday. Canaccord Genuity raised their price objective on shares of Altus Group from C$36.00 to C$39.00 in a research note on Wednesday. CIBC raised their price objective on shares of Altus Group from C$28.00 to C$32.00 in a research note on Friday. Finally, TD Securities raised their price objective on shares of Altus Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Altus Group presently has an average rating of “Buy” and a consensus target price of C$39.67.
Shares of Altus Group (AIF) traded up C$0.88 during mid-day trading on Friday, reaching C$36.41. 775,059 shares of the company’s stock were exchanged, compared to its average volume of 133,591. Altus Group has a 1 year low of C$25.25 and a 1 year high of C$37.89.
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In other Altus Group news, insider Edward Charles Orlik sold 2,500 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of C$31.88, for a total value of C$79,700.00.
Altus Group Company Profile
Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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