The stock of Altus Group Ltd (TSE:AIF) hit a new 52-week high and has $35.89 target or 20.00% above today’s $29.91 share price. The 5 months bullish chart indicates low risk for the $1.15 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $35.89 price target is reached, the company will be worth $230.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 87,242 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. $36 is the highest target while $20 is the lowest. The $31 average target is 3.64% above today’s ($29.91) stock price. Altus Group has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 10 by Canaccord Genuity. Cormark Securities upgraded the shares of AIF in a report on Friday, August 7 to “Buy” rating. The rating was maintained by TD Securities with “Buy” on Thursday, October 27. The rating was initiated by TD Securities with “Buy” on Friday, July 15. The stock of Altus Group Ltd (TSE:AIF) earned “Sector Performer” rating by IBC on Thursday, January 7. On Friday, August 7 the stock rating was upgraded by Cormark Securities 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 $1.15 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 94.83 P/E ratio. The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.