Altus Group (TSE:AIF) Given New C$62.00 Price Target at BMO Capital Markets

Altus Group (TSE:AIF) had its price target boosted by BMO Capital Markets from C$60.00 to C$62.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other research firms also recently weighed in on AIF. CIBC lowered their target price on Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Royal Bank of Canada lowered their target price on Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$57.44.

Altus Group Price Performance

TSE AIF opened at C$54.96 on Thursday. The company has a market capitalization of C$2.56 billion, a PE ratio of 961.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The business’s fifty day moving average is C$51.37 and its 200 day moving average is C$54.69. Altus Group has a fifty-two week low of C$46.09 and a fifty-two week high of C$61.09.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.09%. Altus Group’s payout ratio is 1,049.89%.

Insider Activity

In related news, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$54.28, for a total transaction of C$135,700.00. Also, Director William Brennan purchased 22,156 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of C$52.09 per share, with a total value of C$1,154,106.04. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.