Shares of Altus Group Limited (TSE:AIF - Get Free Report) 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 changing hands.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Royal Bank of Canada dropped 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. BMO Capital Markets upped their target price on Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. Finally, CIBC reduced their target price on 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$57.44.
Read Our Latest Stock Analysis on Altus Group
Altus Group Price Performance
The business's 50-day simple moving average is C$51.75 and its two-hundred day simple moving average is C$54.69. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 955.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.
Altus Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.10%. Altus Group's dividend payout ratio is presently 1,049.89%.
Insider Activity
In other Altus Group news, Senior Officer Kimberly Carter sold 725 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$55.00, for a total transaction of C$39,875.00. Also, Director Anthony Long sold 3,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of C$56.16, for a total transaction of C$168,468.00. Insiders own 4.05% of the company's stock.
Altus Group Company Profile
(
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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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