Altus Group Ltd (TSE:AIF) Director Robert G. Courteau Sells 41,250 Shares

Altus Group Ltd (TSE:AIF) Director Robert G. Courteau sold 41,250 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$37.87, for a total transaction of C$1,562,050.88. Following the sale, the director now directly owns 143,423 shares of the company’s stock, valued at approximately C$5,431,127.82.

Altus Group stock traded up C$0.24 during mid-day trading on Friday, reaching C$38.00. 135,700 shares of the company traded hands, compared to its average volume of 83,573. The company has a debt-to-equity ratio of 64.50, a current ratio of 0.86 and a quick ratio of 0.85. Altus Group Ltd has a fifty-two week low of C$21.67 and a fifty-two week high of C$38.74. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of -408.60. The firm’s fifty day moving average is C$33.81 and its two-hundred day moving average is C$29.19.

A number of brokerages have issued reports on AIF. Canaccord Genuity upped their price target on shares of Altus Group from C$33.00 to C$34.00 in a research note on Thursday, June 27th. Cormark lowered shares of Altus Group from a “buy” rating to a “market perform” rating in a research note on Friday, August 9th. BMO Capital Markets upped their price target on shares of Altus Group from C$33.00 to C$38.00 in a research note on Friday, August 9th. CIBC upped their price target on shares of Altus Group from C$23.00 to C$26.00 in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada upped their price target on shares of Altus Group from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$36.00.

Altus Group Company Profile

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

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