Altus Group Limited (TSE:AIF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$54.68 and traded as high as C$56.76. Altus Group shares last traded at C$55.62, with a volume of 83,750 shares.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on AIF. CIBC increased their target price on Altus Group from C$52.00 to C$60.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Finally, National Bankshares lifted their price target on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$57.11.
View Our Latest Stock Report on Altus Group
Altus Group Price Performance
The stock has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 924.00, a P/E/G ratio of 0.96 and a beta of 0.82. The business has a 50-day simple moving average of C$56.84 and a two-hundred day simple moving average of C$54.74. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13.
Altus Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.08%. Altus Group's dividend payout ratio is currently 1,000.00%.
Insider Buying and Selling
In other Altus Group news, Director William Brennan bought 15,320 shares of Altus Group stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$57.35 per share, for a total transaction of C$878,602.00. Insiders have bought a total of 48,973 shares of company stock valued at $2,790,608 over the last three months. Company insiders own 4.05% of the company's stock.
About Altus Group
(
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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.
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