Altus Group Limited (TSE:AIF - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Wall Street Analyst Weigh In
Several research analysts recently commented on AIF shares. BMO Capital Markets lifted their price target on Altus Group from C$60.00 to C$62.00 in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on 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. Finally, CIBC dropped their target price on Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Four 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, the company has a consensus rating of "Hold" and an average price target of C$57.00.
Get Our Latest Analysis on AIF
Altus Group Stock Down 0.9%
The company has a 50-day simple moving average of C$53.67 and a 200-day simple moving average of C$53.69. The firm has a market cap of C$2.49 billion, a PE ratio of 936.15, 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Altus Group's dividend payout ratio is presently 1,049.89%.
Insider Buying and Selling
In other news, Director Anthony Long sold 3,000 shares of the company's 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. Also, Senior Officer Kimberly Carter sold 725 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$55.00, for a total value 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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