Brokerages Set Altus Group Limited (TSE:AIF) Price Target at C$56.22

Altus Group Limited (TSE:AIF) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five 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 brokers that have updated their coverage on the stock in the last year is C$56.22.

AIF has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. CIBC decreased their price objective on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Finally, National Bankshares increased their price objective on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th.

Altus Group Stock Down 0.5 %

Altus Group stock opened at C$56.76 on Friday. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 946.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a fifty-two week low of C$40.01 and a fifty-two week high of C$61.09. The stock’s fifty day moving average is C$56.01 and its two-hundred day moving average is C$53.54.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.06%. Altus Group’s dividend payout ratio is presently 1,000.00%.

Insider Transactions at Altus Group

In other news, Director William Brennan bought 500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$54.48 per share, for a total transaction of C$27,240.00. In the last quarter, insiders bought 47,946 shares of company stock worth $2,731,899. 4.05% of the stock is currently owned by corporate 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.