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Company News

BUZZ-Altus Group Ltd: Set for best day in 2 yrs on strong results

** Shares of Altus Group up 16.3 pct at C$30.66 after results on Wednesday

** Stock on course for best one-day performance since Aug 2015

** AIF, which provides analytics and consultancy services to the real estate industry, posted better-than-expected Q2 profit and revenue, boosted by growth in all businesses

** Four analysts raised PTs or upgrade stock

** Analyst view largely bullish with 7 of 8 rating the stock “buy” or higher; median PT C$36

** Over 302k shares traded, 3.7x their 30-day moving avg

** Up to Wednesday’s close, AIF had risen 10.5 pct this year

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