Altus Group (TSE:AIF) Given New C$67.00 Price Target at TD Securities

Altus Group (TSE:AIF) had its target price trimmed by TD Securities from C$70.00 to C$67.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on AIF. CIBC lowered their price target on Altus Group from C$63.00 to C$54.00 and set a “neutral” rating for the company in a research report on Friday. National Bankshares upgraded Altus Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$60.00 to C$74.00 in a report on Wednesday, August 13th. National Bank Financial raised Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Scotiabank increased 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. Finally, Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$57.33.

Altus Group Trading Down 12.0%

Altus Group stock traded down C$6.45 during trading on Friday, hitting C$47.18. The company had a trading volume of 1,309,457 shares, compared to its average volume of 143,274. Altus Group has a 1-year low of C$43.84 and a 1-year high of C$63.07. 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 company’s 50 day simple moving average is C$58.74 and its 200-day simple moving average is C$56.20. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 29th. Altus Group’s dividend payout ratio is currently 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.