Canaccord Genuity Thinks Altus Group Limited’s Stock is Going to Recover


In a new note to investors today, an analyst has provided a rating update for the Technology company, Altus Group Limited (TSX: AIF). Analyst Yuri Lynk from Canaccord Genuity remains bullish on the stock and has a C$33 price target.

Lynk has an average return of 17.5% when recommending Altus Group Limited.

According to TipRanks.com, Lynk is ranked #504 out of 4850 analysts.

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Currently, the analyst consensus on Altus Group Limited is a Moderate Buy with an average price target of C$35.50, which is a 24.6% upside from current levels. In a report issued on July 31, RBC Capital also reiterated a Buy rating on the stock with a C$38 price target.

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The company has a one-year high of C$37.89 and a one-year low of C$27.47. Currently, Altus Group Limited has an average volume of 86.7K.

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 Tuesday at C$28.50, close to its 52-week low of C$27.47.

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