Altus Group Limited (TSE:AIF) Receives C$57.11 Consensus Price Target from Analysts

Altus Group Limited (TSE:AIF) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$57.11.

A number of research analysts have recently issued reports on the company. CIBC lifted their price target on Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Finally, National Bankshares raised their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th.

Altus Group Stock Performance

Shares of AIF stock opened at C$53.78 on Wednesday. The firm has a market cap of C$2.48 billion, a price-to-earnings ratio of 896.33, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a 52-week low of C$42.81 and a 52-week high of C$61.09. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The company’s 50 day moving average is C$56.71 and its 200 day moving average is C$54.48.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Altus Group’s dividend payout ratio (DPR) is currently 1,000.00%.

Insider Buying and Selling

In other news, Director William Brennan sold 11,150 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of C$55.45, for a total value of C$618,267.50. Insiders purchased 48,973 shares of company stock worth $2,790,608 in the last three months. Corporate insiders own 4.05% of the company’s stock.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.