Altus Group Limited Gets a Buy Rating from Canaccord Genuity


Altus Group Limited (TSX: AIF), the Technology company, has received a rating update from a Wall Street analyst today. Analyst Yuri Lynk from Canaccord Genuity reiterated a Buy rating, with a C$36 price target.

Lynk has an average return of 23.8% when recommending Altus Group Limited.

According to TipRanks.com, Lynk is ranked #442 out of 4773 analysts.

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Altus Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of C$39.

Based on Altus Group Limited’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$123 million and GAAP net loss of C$3.44 million. In comparison, last year the company earned revenue of C$109 million and had a net profit of C$493K.

Altus Group Ltd. provides independent advisory services, and software and data solutions to the global commercial real estate industry. It operates through the following segments: Altus Analytics, Commercial Real Estate Consulting, and Geomatics. Altus Analytics provides data, analytics software, and technology-related services.

The company’s shares closed on Thursday at C$32.17.

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