Altus Group (TSE:AIF) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Altus Group Limited (TSE:AIF)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$54.42 and traded as high as C$55.35. Altus Group shares last traded at C$54.50, with a volume of 79,611 shares.

Wall Street Analysts Forecast Growth

AIF has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. National Bankshares boosted their price target on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, CIBC raised their price objective on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$57.11.

Altus Group Trading Down 0.2 %

The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The firm’s 50-day moving average price is C$56.68 and its 200 day moving average price is C$54.43. The company has a market cap of C$2.53 billion, a price-to-earnings ratio of 914.67, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is currently 1,000.00%.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan bought 11,744 shares of the firm’s stock in a transaction dated 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. Over the last three months, insiders have acquired 48,973 shares of company stock valued at $2,790,608. 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.