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

Shares of Altus Group Limited (TSE:AIF) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$56.22.

Several brokerages have recently weighed in on AIF. Royal Bank of Canada lifted their price target on Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Cormark reduced their price objective on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. TD Securities dropped their target price on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, National Bankshares increased their target price on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th.

Altus Group Stock Performance

Shares of AIF opened at C$57.32 on Tuesday. The firm has a market cap of C$2.64 billion, a PE ratio of 956.33, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a 1 year low of C$38.87 and a 1 year high of C$59.60. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The stock’s fifty day moving average price is C$54.44 and its two-hundred day moving average price is C$52.45.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is presently 1,000.00%.

Insider Activity

In related news, Director William Brennan acquired 15,320 shares of Altus Group stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average price of C$57.35 per share, with a total value of C$878,602.00. Insiders bought a total of 40,446 shares of company stock worth $2,302,536 in the last quarter. 4.05% of the stock is owned by company insiders.

Altus Group Company Profile

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.