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

Shares of Altus Group Limited (TSE:AIF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$53.74 and traded as high as C$54.51. Altus Group shares last traded at C$54.03, with a volume of 205,851 shares traded.

Analysts Set New Price Targets

AIF has been the topic of a number of recent research reports. CIBC dropped their price target on Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Royal Bank Of Canada cut 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 report on Tuesday, April 22nd. Finally, BMO Capital Markets increased their price objective on Altus Group from C$60.00 to C$62.00 in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$57.44.

Altus Group Stock Performance

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 business has a 50-day moving average price of C$53.52 and a 200-day moving average price of C$53.74. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 945.43, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.11%. Altus Group's dividend payout ratio is currently 1,049.89%.

Insider Activity

In other Altus Group news, Director Anthony Long sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$56.16, for a total value of C$168,468.00. 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. Corporate 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.

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