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

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

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

Altus Group Stock Performance

TSE AIF opened at C$56.21 on Thursday. The company has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 936.83, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a twelve month low of C$40.01 and a twelve month high of C$61.09. The stock has a fifty day simple moving average of C$56.25 and a 200 day simple moving average of C$53.73. 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 Dividend Announcement

The firm also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio is presently 1,000.00%.

Insider Activity at Altus Group

In other news, Director William Brennan acquired 1,227 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of C$56.43 per share, with a total value of C$69,239.61. Over the last 90 days, insiders purchased 49,173 shares of company stock worth $2,801,138. 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.