Shares of Altus Group Limited (TSE:AIF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$55.58 and traded as high as C$58.60. Altus Group shares last traded at C$58.34, with a volume of 115,393 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AIF shares. National Bankshares upgraded Altus Group from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. TD Securities upped their price target on Altus Group from C$63.00 to C$70.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. National Bank Financial upgraded Altus Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Scotiabank upped their price target on Altus Group from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$61.83.
Get Our Latest Analysis on Altus Group
Altus Group Price Performance
The company has a 50-day simple moving average of C$59.86 and a 200-day simple moving average of C$55.58. The stock has a market cap of C$2.51 billion, a PE ratio of 6.68, a PEG ratio of 0.96 and a beta of 0.72. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a $0.15 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.60 annualized dividend and a yield of 1.0%. Altus Group's dividend payout ratio is presently 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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