Altus Group Limited (TSE:AIF - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as C$46.54 and last traded at C$48.00, with a volume of 57700 shares changing hands. The stock had previously closed at C$47.35.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Altus Group from C$56.00 to C$62.00 in a research report on Friday, February 21st. CIBC cut their price objective on Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Altus Group presently has an average rating of "Hold" and a consensus target price of C$57.44.
View Our Latest Stock Analysis on AIF
Altus Group Stock Performance
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 stock has a market cap of C$2.28 billion, a P/E ratio of 856.19, a P/E/G ratio of 0.96 and a beta of 0.82. The business's 50-day moving average price is C$52.93 and its 200-day moving average price is C$55.02.
Altus Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, March 31st. Altus Group's dividend payout ratio is presently 1,049.89%.
Insiders Place Their Bets
In other news, Director William Brennan bought 22,156 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$52.09 per share, with a total value of C$1,154,106.04. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$54.28, for a total value of C$135,700.00. Company insiders own 4.05% of the company's stock.
About Altus Group
(
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.
Recommended Stories
Before you consider Altus Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altus Group wasn't on the list.
While Altus Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
