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

Altus Group (TSE:AIF) had its price objective boosted by CIBC from C$52.00 to C$60.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

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

Altus Group Stock Performance

Shares of AIF opened at C$55.93 on Thursday. Altus Group has a 1 year low of C$40.01 and a 1 year high of C$61.09. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The stock’s fifty day moving average price is C$56.17 and its two-hundred day moving average price is C$53.63. The firm has a market cap of C$2.58 billion, a PE ratio of 932.17, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. Altus Group’s payout ratio is 1,000.00%.

Insider Activity

In related news, Director William Brennan bought 500 shares of the stock in a transaction on Tuesday, September 24th. The stock was bought at an average price of C$54.48 per share, with a total value of C$27,240.00. Insiders have acquired 49,173 shares of company stock worth $2,801,138 in the last quarter. Corporate insiders own 4.05% of the company’s stock.

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.