Altus Group (TSE:AIF) Downgraded by Cormark

Cormark lowered shares of Altus Group (TSE:AIF) from a buy rating to a market perform rating in a research report released on Friday, BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Altus Group from C$30.00 to C$33.00 and gave the stock an outperform rating in a research note on Thursday, June 27th. Royal Bank of Canada upped their price target on Altus Group from C$35.00 to C$39.00 and gave the stock an outperform rating in a research report on Friday. CIBC upped their price target on Altus Group from C$23.00 to C$26.00 in a research report on Wednesday, June 19th. Canaccord Genuity upped their price target on Altus Group from C$33.00 to C$34.00 in a research report on Thursday, June 27th. Finally, National Bank Financial upped their price target on Altus Group from C$35.00 to C$40.00 and gave the stock an outperform rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Altus Group currently has a consensus rating of Buy and an average target price of C$36.00.

Shares of TSE:AIF opened at C$37.74 on Friday. The company has a market capitalization of $1.48 billion and a P/E ratio of -87.97. Altus Group has a 52 week low of C$21.67 and a 52 week high of C$38.74. The company has a quick ratio of 1.76, a current ratio of 1.77 and a debt-to-equity ratio of 63.73. The business has a 50 day simple moving average of C$33.31.

In related news, Senior Officer Niall Mcsweeney sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$29.55, for a total value of C$59,102.00. Following the transaction, the insider now directly owns 33,866 shares of the company’s stock, valued at approximately C$1,000,774.17.

Altus Group Company Profile

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.

See Also: Net Asset Value

Analyst Recommendations for Altus Group (TSE:AIF)

Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.