The stock of Altus Group Ltd (TSE:AIF) hit a new 52-week high and has $31.84 target or 4.00% above today’s $30.62 share price. The 5 months bullish chart indicates low risk for the $1.14B company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $31.84 price target is reached, the company will be worth $45.60 million 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 1,813 shares traded hands. Altus Group Ltd (TSE:AIF) has risen 43.18% since April 20, 2016 and is uptrending. It has outperformed by 37.77% 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 1.24% above today’s ($30.62) 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 Thursday, October 27 by TD Securities. IBC downgraded the shares of AIF in a report on Thursday, January 7 to “Sector Performer” rating. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity. Cormark Securities upgraded the stock to “Buy” rating in Friday, August 7 report. The rating was initiated by TD Securities on Friday, July 15 with “Buy”. The rating was upgraded by Cormark Securities to “Buy” on Friday, August 7.
Another recent and important Altus Group Ltd (TSE:AIF) news was published by Theglobeandmail.com which published an article titled: “The Globe and Mail” on January 12, 2011.
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 97.09 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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