Altus Group Ltd (AIF) Receives C$39.86 Consensus PT from Brokerages

Altus Group Ltd (TSE:AIF) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$39.86.

A number of brokerages have commented on AIF. TD Securities upped their price target on shares of Altus Group from C$36.00 to C$41.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. BMO Capital Markets increased their price objective on shares of Altus Group from C$37.00 to C$43.00 in a research report on Friday, November 3rd. National Bank Financial increased their price objective on shares of Altus Group from C$40.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. CIBC increased their price objective on shares of Altus Group from C$28.00 to C$32.00 in a research report on Friday, November 3rd. Finally, Canaccord Genuity increased their price objective on shares of Altus Group from C$36.00 to C$39.00 in a research report on Wednesday, November 1st.

In related news, insider Terry Alan Bishop sold 6,800 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$36.65, for a total value of C$249,220.00. Also, insider Barry Isaac Eisen sold 8,755 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$37.30, for a total transaction of C$326,561.50. Insiders have sold a total of 17,055 shares of company stock worth $629,782 in the last three months.

Shares of Altus Group (AIF) traded up C$0.34 on Friday, reaching C$34.07. 11,615 shares of the company’s stock were exchanged, compared to its average volume of 98,582. The company has a market capitalization of $1,310.00, a PE ratio of 10.64 and a beta of 0.26. Altus Group has a twelve month low of C$25.25 and a twelve month high of C$37.89.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Sunday, December 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. Altus Group’s dividend payout ratio (DPR) is presently 18.93%.

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Altus Group Company Profile

Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.

Analyst Recommendations for Altus Group (TSE:AIF)

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