Altus Group Limited is facing a notable decline in its stock price, raising concerns among investors.
Altus Group Limited (AIF.TO) is experiencing a downturn in its stock price, which is down 3.55% today, closing at CA$46.70. This decline follows significant corporate changes, particularly the acquisition of its Development Advisory business by Newmark Group, which may impact its future performance.
Investor takeaway: Investors should be cautious as Altus Group navigates through recent acquisitions and their potential impacts on its core business.
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Altus Group Limited
AIF.TO
AIF.TO
Altus Group Limited
WealthAwesomeMarket cap
$1.66B
Div. yield
1.25%
Div. / share
$0.60
52W high
$62.49
52W low
$36.73
1W change
+3.04%
Beta
0.81
Analyst Price Targets
Based on analyst covering AIF
Wall Street analysts forecast AIF stock price to rise 9.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$53.02
+9.5% Upside
Current Price
C$48.42
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AIF's historical volatility
30-Day Vol
55.4%
Annualized
90-Day Vol
42.8%
Annualized
Trend (90d)
+18.4%
Annualized drift
90d Mean
C$51.72
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$49.49 | C$40.88 โ C$59.93 |
| 60 trading days | C$50.59 | C$38.60 โ C$66.31 |
| 90 trading days | C$51.72 | C$37.13 โ C$72.03 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Altus Group Limited down 3.55% today
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With a market cap of CA$1.66 billion, the stock's recent performance reflects investor uncertainty about its future following significant business changes.
Bull case
If Altus Group can successfully integrate its remaining operations and leverage its expertise in the real estate sector, it might regain investor confidence and stabilize its stock price.
Bear case
The recent acquisition by Newmark raises questions about Altus Group's strategic direction. Investors might worry about a lack of focus on core competencies, which could lead to further declines.
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