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

Shares of Altus Group Limited (TSE:AIF) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$57.11.

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

Altus Group Stock Performance

AIF opened at C$53.78 on Wednesday. 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 stock has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 896.33, a PEG ratio of 0.96 and a beta of 0.82. The company has a fifty day moving average of C$56.71 and a 200 day moving average of C$54.48. Altus Group has a fifty-two week low of C$42.81 and a fifty-two week high of C$61.09.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.12%. Altus Group’s payout ratio is presently 1,000.00%.

Insiders Place Their Bets

In other Altus Group news, Director William Brennan purchased 11,744 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of C$57.30 per share, with a total value of C$672,931.20. Insiders bought 48,973 shares of company stock valued at $2,790,608 over the last three months. 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.