Altus Group Limited (TSE:AIF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$54.72 and traded as high as C$55.56. Altus Group shares last traded at C$54.98, with a volume of 182,825 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on AIF shares. CIBC dropped their price target on shares of Altus Group from C$57.00 to C$54.00 in a research note on Thursday, April 17th. BMO Capital Markets lifted their price objective on Altus Group from C$60.00 to C$62.00 in a report on Thursday, May 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Altus Group has a consensus rating of "Hold" and an average price target of C$57.44.
Check Out Our Latest Analysis on Altus Group
Altus Group Stock Up 0.3%
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 stock has a market cap of C$2.54 billion, a PE ratio of 955.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The firm has a fifty day moving average of C$51.69 and a 200 day moving average of C$54.71.
Altus Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.10%. Altus Group's dividend payout ratio (DPR) is presently 1,049.89%.
Insider Transactions at Altus Group
In other Altus Group news, Director William Brennan purchased 600 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of C$51.00 per share, for a total transaction of C$30,600.00. Also, Senior Officer Kimberly Carter sold 725 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$55.00, for a total transaction of C$39,875.00. Insiders own 4.05% of the company's stock.
About Altus Group
(
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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.
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