The stock of Altus Group Ltd (TSE:AIF) reached all time high today, Nov, 14 and still has $41.48 target or 39.00% above today’s $29.84 share price. This indicates more upside for the $1.14B company. This technical setup was reported by Barchart.com. If the $41.48 PT is reached, the company will be worth $444.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 89,226 shares traded hands. Altus Group Ltd (TSE:AIF) has risen 44.20% since April 8, 2016 and is uptrending. It has outperformed by 39.22% the S&P500.
Altus Group Ltd (TSE:AIF) Ratings Coverage
Out of 3 analysts covering Altus Group (TSE:AIF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Altus Group has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained it with “Buy” rating and $24 target price in Monday, August 10 report. The firm has “Sector Performer” rating given on Thursday, January 7 by IBC. The stock of Altus Group Ltd (TSE:AIF) has “Buy” rating given on Friday, August 7 by Cormark Securities. The stock of Altus Group Ltd (TSE:AIF) earned “Buy” rating by TD Securities on Thursday, October 27. TD Securities initiated Altus Group Ltd (TSE:AIF) rating on Friday, July 15. TD Securities has “Buy” rating and $28 price target. The rating was upgraded by Cormark Securities on Friday, August 7 to “Buy”.
More news for Altus Group Ltd (TSE:AIF) were recently published by: Theglobeandmail.com, which released: “The Globe and Mail” on January 12, 2011. Marketwired.com‘s article titled: “Altus Group Reports Third Quarter 2016 Financial Results” and published on November 03, 2016 is yet another important article.
Altus Group Ltd provides independent advisory services, software and data solutions. The company has a market cap of $1.14 billion. The Company’s divisions include Property Tax Consulting ; Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). It has a 94.61 P/E ratio. The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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