Top25-SA-Banner

Scotiabank Keeps a Hold Rating on Altus Group Limited (AIF)


Yesterday, an analyst has provided a rating update for Altus Group Limited (AIF). Scotiabank’s analyst Paul Steep reiterates their Hold rating on the shares, with a C$34 price target.

According to TipRanks.com, Steep is a 4-star analyst with an average return of 8.9% and a 75.8% success rate. Steep covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, Maxar Technologies Ltd, and CGI Group.

Read also: This Analyst Is Tuned in to Roku (ROKU) Stock After Seeing Earnings Report; Should You Be?

Altus Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of C$35.40.

Altus Group Limited’s market cap is currently C$1.02B and has a P/E ratio of 606.2. 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.