Altus Group Ltd (AIF) Reaches New 12-Month High at $34.57
Altus Group Ltd (TSE:AIF) hit a new 52-week high on Tuesday . The stock traded as high as C$34.57 and last traded at C$34.37, with a volume of 86,032 shares traded. The stock had previously closed at C$34.21.
Several brokerages have weighed in on AIF. Royal Bank Of Canada raised Altus Group from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$33.00 to C$36.00 in a research report on Thursday, August 3rd. Canaccord Genuity increased their price target on Altus Group from C$34.00 to C$36.00 in a research report on Thursday, August 3rd. CIBC downgraded Altus Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Finally, TD Securities increased their price target on Altus Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
The company’s 50 day moving average price is $31.67 and its 200-day moving average price is $30.14. The firm has a market cap of $1.32 billion and a PE ratio of 11.86.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.75%.
In other news, insider Edward Charles Orlik sold 2,500 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of C$31.88, for a total transaction of C$79,700.00.
About Altus Group
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.
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