The stock of Altus Group Ltd (TSE:AIF) reached all time high today, Nov, 24 and still has $32.60 target or 7.00% above today’s $30.47 share price. This indicates more upside for the $1.13B company. This technical setup was reported by Barchart.com. If the $32.60 PT is reached, the company will be worth $79.10 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 2,577 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 1.74% above today’s ($30.47) stock price. Altus Group has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Sector Performer” rating given by IBC on Thursday, January 7. The stock of Altus Group Ltd (TSE:AIF) earned “Buy” rating by Cormark Securities on Friday, August 7. The stock has “Buy” rating given by TD Securities on Thursday, October 27. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity. On Friday, July 15 the stock rating was initiated by TD Securities with “Buy”. Cormark Securities upgraded Altus Group Ltd (TSE:AIF) on Friday, August 7 to “Buy” rating.
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 $1.13 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 96.61 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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