Brokerages Set Altus Group Limited (TSE:AIF) Target Price at C$61.83

Shares of Altus Group Limited (TSE:AIF) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$61.83.

AIF has been the subject of several research analyst reports. National Bankshares upgraded Altus Group from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. TD Securities increased their target price on Altus Group from C$63.00 to C$70.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank increased their target price on Altus Group from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, National Bank Financial upgraded Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th.

Altus Group Stock Performance

Altus Group stock opened at C$62.33 on Friday. The stock has a market cap of C$2.69 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The stock has a 50 day moving average of C$59.44 and a 200-day moving average of C$54.90. Altus Group has a 52 week low of C$46.36 and a 52 week high of C$62.37.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, September 29th. This represents a $0.60 annualized dividend and a yield of 1.0%. Altus Group’s dividend payout ratio (DPR) is 6.86%.

About Altus Group

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.