Altus Group Limited (TSE:AIF) Receives C$56.22 Consensus Target Price from Brokerages

Altus Group Limited (TSE:AIF - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$56.22.

AIF has been the topic of a number of recent research reports. National Bankshares increased their target price on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. TD Securities lowered their target price on Altus Group from C$65.00 to C$63.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. CIBC lowered their target price on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. BMO Capital Markets lowered their price objective on Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Finally, Scotiabank lowered their target price on Altus Group from C$59.00 to C$51.00 and set a "sector perform" rating for the company in a research report on Friday, August 9th.

Altus Group Stock Performance

TSE:AIF traded up C$0.69 on Tuesday, hitting C$56.66. The company's stock had a trading volume of 78,195 shares, compared to its average volume of 72,283. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The stock has a fifty day moving average of C$54.30 and a two-hundred day moving average of C$52.33. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 932.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a one year low of C$38.87 and a one year high of C$59.60.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. Altus Group's dividend payout ratio (DPR) is currently 1,000.00%.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan purchased 11,144 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of C$56.01 per share, with a total value of C$624,175.44. In the last quarter, insiders purchased 38,708 shares of company stock worth $2,202,949. 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.