Altus Group (TSE:AIF) Given New C$54.00 Price Target at CIBC

Altus Group (TSE:AIF) had its target price trimmed by CIBC from C$63.00 to C$54.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada decreased their target price 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. National Bank Financial upgraded Altus Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. National Bankshares raised Altus Group from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$60.00 to C$74.00 in a research report on Wednesday, August 13th. Scotiabank boosted their price target 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, TD Securities increased their price objective on shares of Altus Group from C$63.00 to C$70.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$57.33.

Altus Group Stock Performance

Shares of AIF stock traded down C$6.45 during trading hours on Friday, reaching C$47.18. The company had a trading volume of 1,309,457 shares, compared to its average volume of 143,274. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The business has a fifty day moving average price of C$58.74 and a 200-day moving average price of C$56.20. Altus Group has a one year low of C$43.84 and a one year high of C$63.07. The firm has a market cap of C$2.03 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

Altus Group Dividend Announcement

The company 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. The ex-dividend date was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is presently 6.86%.

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.