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Altus Group Ltd
Symbol AIF
Shares Issued 46,284,016
Close 2024-09-19 C$ 54.09
Market Cap C$ 2,503,502,425
Recent Sedar Documents

Globe says Altus Group kept at "sector perform"

2024-09-20 08:59 ET - In the News

The Globe and Mail reports in its Friday, Sept. 20, edition that National Bank's Richard Tse has reiterated his "sector perform" recommendation for Altus Group. The Globe's David Leeder writes that Mr. Tse advanced his share target by $5 to $55. Analysts on average target the shares at $56.13. Mr. Tse sees Altus Group "thinking big" after attending its annual user group conference this week, touting "positive" product vision and execution. Mr. Tse says in a note: "What we heard this year built on recent years when it comes to the company's big ambitions to becoming a leading data and intelligence platform in CRE [commercial real estate]. That vision is being executed through the company's foundational Altus intelligence platform. The first product on this platform is Argus Intelligence (AI), which will connect various applications like Argus Enterprise (AE) -- Asset Manager, Portfolio Manager, Benchmarking, Altus ID (data), among others managed through a single dashboard. In our view, this appears to represent the culmination of a vision set back even prior to the current management team. We'd view the formal release of Argus Intelligence as positive when it comes to executing on a product that is generally available."

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