Altus Group (TSE:AIF) Price Target Raised to C$60.00 at CIBC

Altus Group (TSE:AIF) had its target price raised by CIBC from C$52.00 to C$60.00 in a report issued on Thursday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on AIF. Royal Bank of Canada upped their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. National Bankshares upped their target price on shares of Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$57.11.

Altus Group Trading Up 0.5 %

Altus Group stock opened at C$56.21 on Thursday. 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 has a 52-week low of C$40.01 and a 52-week high of C$61.09. The company has a market cap of C$2.59 billion, a P/E ratio of 936.83, 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$56.25 and a two-hundred day simple moving average of C$53.73.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Insiders Place Their Bets

In other news, Director William Brennan sold 18,551 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Insiders have bought 49,173 shares of company stock worth $2,801,138 in the last ninety days. 4.05% of the stock is owned by company insiders.

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.