Shares of Altus Group Limited (TSE:AIF - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$53.87 and traded as high as C$61.80. Altus Group shares last traded at C$61.61, with a volume of 193,342 shares traded.
Analyst Ratings Changes
AIF has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on shares of Altus Group from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. National Bankshares raised Altus Group from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. National Bank Financial raised Altus Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets upped their price target on shares of Altus Group from C$60.00 to C$62.00 in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$60.20.
Read Our Latest Research Report on AIF
Altus Group Trading Up 0.2%
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 firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.96 and a beta of 0.89. The company has a 50-day moving average price of C$56.79 and a 200 day moving average price of C$53.97.
Altus Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. Altus Group's dividend payout ratio is 6.86%.
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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