Altus Group (TSE:AIF) Price Target Raised to C$70.00

Altus Group (TSE:AIF) had its price target hoisted by TD Securities from C$63.00 to C$70.00 in a report published on Friday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

AIF has been the topic of a number of other research reports. National Bankshares raised shares of Altus Group from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$60.00 to C$74.00 in a research note on Wednesday, August 13th. National Bank Financial upgraded shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Scotiabank upped their price target on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$61.83.

Altus Group Stock Up 2.5%

Shares of AIF opened at C$62.33 on Friday. The firm has a market cap of C$2.69 billion, a P/E ratio of 7.13, a PEG ratio of 0.96 and a beta of 0.72. Altus Group has a 12 month low of C$46.36 and a 12 month high of C$62.37. The stock’s 50 day moving average is C$59.44 and its two-hundred day moving average is C$54.90. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, September 29th. Altus Group’s dividend payout ratio 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.