Altus Group (TSE:AIF) Stock Passes Above 200-Day Moving Average - What's Next?

Altus Group Limited (TSE:AIF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.64 and traded as high as C$56.20. Altus Group shares last traded at C$56.12, with a volume of 140,650 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Altus Group from C$60.00 to C$62.00 in a research note on Thursday. CIBC lowered their price objective on Altus Group from C$57.00 to C$54.00 in a research note on Thursday, April 17th. Finally, Royal Bank of Canada lowered their price objective on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$57.44.

Altus Group Trading Down 0.4%

The firm has a market cap of C$2.55 billion, a P/E ratio of 958.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The stock has a fifty day simple moving average of C$51.43 and a 200 day simple moving average of C$54.70. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09.

Altus Group Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.10%. Altus Group's dividend payout ratio (DPR) is 1,049.89%.

Insiders Place Their Bets

In other news, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of Altus Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total transaction of C$135,700.00. Also, Director William Brennan purchased 600 shares of the company's stock in a transaction dated 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. 4.05% of the stock is owned by insiders.

Altus Group Company Profile

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.