Altus Group (TSE:AIF) Given New C$56.00 Price Target at Royal Bank of Canada

Altus Group (TSE:AIF) had its price objective boosted by Royal Bank of Canada from C$55.00 to C$56.00 in a report released on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. National Bankshares boosted their target price on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Scotiabank decreased their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Cormark dropped their price target on Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, TD Securities lowered their price objective on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$56.22.

Altus Group Price Performance

Shares of AIF opened at C$57.88 on Friday. The stock has a 50 day simple moving average of C$54.10 and a 200 day simple moving average of C$52.16. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. Altus Group has a 52-week low of C$36.98 and a 52-week high of C$59.60. The firm has a market capitalization of C$2.66 billion, a PE ratio of 964.67, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. Altus Group’s dividend payout ratio is presently 1,000.00%.

Insider Transactions at Altus Group

In related news, Director William Brennan sold 18,551 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32. In related news, Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Corporate insiders own 4.05% of the company’s stock.

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.