Altus Group Ltd (AIF) Given Average Recommendation of “Buy” by Analysts

Altus Group Ltd (TSE:AIF) has received a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$39.86.

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

Shares of Altus Group (AIF) opened at C$33.63 on Friday. Altus Group has a 52-week low of C$25.25 and a 52-week high of C$37.89. The firm has a market capitalization of $1,310.00, a PE ratio of 10.61 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Sunday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, December 28th. Altus Group’s payout ratio is 18.93%.

In other Altus Group news, insider Colin Boyd Johnston sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$36.00, for a total value of C$54,000.00. Also, insider Barry Isaac Eisen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$35.90, for a total value of C$71,800.00. In the last ninety days, insiders sold 19,055 shares of company stock valued at $701,582.

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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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