Altus Group (TSE:AIF) Shares Cross Above 200-Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.64 and traded as high as C$56.20. Altus Group shares last traded at C$56.12, with a volume of 140,650 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on AIF. Royal Bank of Canada dropped their target price on shares of Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating for the company in a report on Tuesday, April 22nd. CIBC dropped their target price on shares of Altus Group from C$57.00 to C$54.00 in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Altus Group has a consensus rating of “Hold” and a consensus price target of C$56.67.

Altus Group Trading Up 1.6%

The business’s 50-day moving average price is C$51.14 and its 200 day moving average price is C$54.64. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 982.00, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. Altus Group’s dividend payout ratio (DPR) is presently 1,049.89%.

Insider Buying and Selling

In other Altus Group news, Director William Brennan bought 600 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of C$51.00 per share, for a total transaction of C$30,600.00. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total transaction of C$135,700.00. Insiders own 4.05% of the company’s stock.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.