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Altus Group Ltd
Symbol AIF
Shares Issued 46,119,091
Close 2024-11-08 C$ 56.61
Market Cap C$ 2,610,801,742
Recent Sedar Documents

Globe says Altus Group maintained at "sector perform"

2024-11-08 08:11 ET - In the News

The Globe and Mail reports in its Friday, Nov. 8, edition that RBC Capital analyst Paul Treiber continues to rate Altus Group "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber boosted his share target by a loonie to $56. Analysts on average target the shares at $57. Mr. Treiber says in a note: "Q3 revenue and adjusted EPS were marginally short of RBC/consensus estimates on soft non-core CRE consulting. While CRE consulting is a headwind to near-term revenue, analytics bookings rebounded and management's tone suggests that the CRE market may be starting to improve. Looking to FY25/FY26, the ARGUS Intelligence migration cycle improves visibility to analytics growth." The Globe reported on Aug. 13 that Scotia Capital analyst Kevin Krishnaratne had reaffirmed his "sector perform" recommendation for Altus Group. The shares could then be had for $50.55. The Globe reported on Sept. 20 that National Bank Financial analyst Richard Tse had reiterated his "sector perform" recommendation for Altus Group. The shares were then going for $54.09.

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