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RBC Capital Remains a Buy on Altus Group Limited (AIF)


A Wall Street analyst has provided a review for the Technology company yesterday, but retained the same rating on the stock. Analyst Paul Treiber from RBC Capital remains bullish on Altus Group Limited (AIF) and has a C$35 price target.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 16.7% and a 65.6% success rate. Treiber covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, CGI Group, and Descartes.

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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 average price target, which is a 35.6% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$35 price target.

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Based on Altus Group Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$330K. In comparison, last year the company had a net profit of C$7.51 million.

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 Friday at C$25.86.