Royal Bank of Canada Cuts Altus Group (TSE:AIF) Price Target to C$58.00

Altus Group (TSE:AIF - Free Report) had its price objective trimmed by Royal Bank of Canada from C$62.00 to C$58.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, CIBC cut their price target on shares of Altus Group from C$57.00 to C$54.00 in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$56.67.

Altus Group Stock Down 0.3 %

TSE:AIF traded down C$0.14 during trading hours on Tuesday, hitting C$49.94. 130,929 shares of the company traded hands, compared to its average volume of 97,767. Altus Group has a one year low of C$46.09 and a one year high of C$61.09. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The company has a market cap of C$2.32 billion, a PE ratio of 873.86, a PEG ratio of 0.96 and a beta of 0.82. The firm's 50-day simple moving average is C$51.38 and its 200-day simple moving average is C$54.72.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. Altus Group's dividend payout ratio (DPR) is presently 1,049.89%.

Insiders Place Their Bets

In other news, Director William Brennan bought 600 shares of the firm's stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of C$51.00 per share, with a total value of C$30,600.00. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total value of C$135,700.00. Insiders own 4.05% of the company's stock.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.