Altus Group Limited (TSE:AIF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.86 and traded as low as C$52.33. Altus Group shares last traded at C$52.69, with a volume of 118,146 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. CIBC cut their price objective on shares of Altus Group from C$57.00 to C$54.00 in a report on Thursday, April 17th. BMO Capital Markets upped their price target on shares of Altus Group from C$60.00 to C$62.00 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada lowered their target price on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 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 target price of C$57.44.
Read Our Latest Stock Report on AIF
Altus Group Price Performance
The company has a market cap of C$2.45 billion, a price-to-earnings ratio of 921.98, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a fifty day moving average price of C$53.17 and a two-hundred day moving average price of C$53.86. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91.
Altus Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. Altus Group's dividend payout ratio is currently 1,049.89%.
Insiders Place Their Bets
In other news, Director Anthony Long sold 3,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was 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 business'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 value of C$39,875.00. Company insiders own 4.05% of the company's stock.
Altus Group Company Profile
(
Get Free Report)
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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