Altus Group Limited (TSE:AIF - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$53.65 and traded as high as C$54.12. Altus Group shares last traded at C$53.90, with a volume of 95,963 shares.
Analysts Set New Price Targets
Several analysts have issued reports on AIF shares. CIBC reduced their price target on shares of Altus Group from C$57.00 to C$54.00 in a report on Thursday, April 17th. Royal Bank Of Canada cut their price target on shares of Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets increased their price target on shares of Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$57.00.
Check Out Our Latest Stock Analysis on AIF
Altus Group Trading Down 0.9%
The business's 50 day moving average price is C$53.81 and its 200-day moving average price is C$53.61. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of 949.28, a PEG ratio of 0.96 and a beta of 0.82.
Altus Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. Altus Group's payout ratio is presently 1,049.89%.
Insider Activity
In other 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 transaction 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
(
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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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