Altus Group (TSE:AIF) Shares Cross Above 200-Day Moving Average of $35.16
Altus Group Ltd (TSE:AIF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.16 and traded as high as $37.60. Altus Group shares last traded at $37.45, with a volume of 59,468 shares changing hands.
Several brokerages have recently issued reports on AIF. BMO Capital Markets increased their price objective on shares of Altus Group from C$38.00 to C$40.00 in a research report on Friday, November 8th. CIBC boosted their price objective on shares of Altus Group from C$26.00 to C$30.00 in a research report on Tuesday, October 29th. TD Securities upped their target price on shares of Altus Group from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on Altus Group from C$39.00 to C$44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Cormark cut Altus Group from a “buy” rating to a “market perform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$39.83.
The firm has a market cap of $1.49 billion and a price-to-earnings ratio of 461.85. The stock has a 50-day moving average of C$36.61 and a 200-day moving average of C$35.16. The company has a debt-to-equity ratio of 62.30, a quick ratio of 0.87 and a current ratio of 0.87.
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.
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