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BMO Capital Thinks Altus Group Limited’s Stock is Going to Recover


In a new note to investors yesterday, an analyst has provided a rating update for Altus Group Limited (AIF). The company received a Buy rating from BMO Capital’s analyst Stephen Macleod, with a C$35 price target.

Macleod has an average return of 26.7% when recommending Altus Group Limited.

According to TipRanks.com, Macleod is ranked #374 out of 4912 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altus Group Limited with a C$35.33 average price target, which is a 33.8% upside from current levels. In a report issued on November 5, RBC Capital also maintained a Buy rating on the stock with a C$37 price target.

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Altus Group Limited’s market cap is currently C$1.02B and has a P/E ratio of 0. The company has a Price to Book ratio of 2.75.

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$26.40, close to its 52-week low of C$26.22.