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The latest update is out from Altus Group ( (TSE:AIF) ).
Altus Group has responded to media reports about a potential transaction involving the company, acknowledging a speculative article and confirming an ongoing strategic review. This review, aimed at maximizing stakeholder value, may involve acquisitions, divestitures, or a sale or merger, though no specific course of action is guaranteed. The board is committed to acting in the best interests of the company and its stakeholders, but will only disclose developments as required by regulatory obligations.
The most recent analyst rating on (TSE:AIF) stock is a Hold with a C$62.00 price target. To see the full list of analyst forecasts on Altus Group stock, see the TSE:AIF Stock Forecast page.
Spark’s Take on TSE:AIF Stock
According to Spark, TipRanks’ AI Analyst, TSE:AIF is a Outperform.
Altus Group’s overall stock score is driven by strong financial performance and positive earnings call insights. The company’s robust cash position, strategic share buybacks, and recurring revenue growth contribute positively. However, the negative P/E ratio and challenges in certain segments slightly temper the overall score.
To see Spark’s full report on TSE:AIF stock, click here.
More about Altus Group
Altus Group is a company that connects data, analytics, applications, and expertise to provide intelligence for optimal commercial real estate (CRE) performance. The company offers market-leading solutions and expertise to help industry leaders enhance performance and mitigate risk, with a global team of approximately 2,000 experts.
Average Trading Volume: 161,738
Technical Sentiment Signal: Buy
Current Market Cap: C$2.51B
See more insights into AIF stock on TipRanks’ Stock Analysis page.