Brokerages Set Altus Group Limited (TSE:AIF) PT at C$57.11

Shares of Altus Group Limited (TSE:AIF) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned 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$57.11.

Several equities research analysts have recently commented on the stock. National Bankshares boosted their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. CIBC boosted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada raised their price objective on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th.

Altus Group Price Performance

Shares of AIF stock opened at C$55.07 on Wednesday. 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 simple moving average is C$56.79 and its 200 day simple moving average is C$54.67. Altus Group has a one year low of C$42.81 and a one year high of C$61.09. The firm has a market cap of C$2.54 billion, a price-to-earnings ratio of 917.83, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, December 31st. Altus Group’s payout ratio is presently 1,000.00%.

Insider Transactions at Altus Group

In other news, Director William Brennan sold 11,150 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50. Over the last three months, insiders have purchased 48,973 shares of company stock worth $2,790,608. Corporate 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.