CIBC Raises Altus Group Ltd (TSE:AIF) Price Target to C$32.00

Altus Group Ltd (TSE:AIF) had its price objective lifted by CIBC from C$28.00 to C$32.00 in a research note issued to investors on Friday, November 3rd.

A number of other research firms also recently commented on AIF. TD Securities lifted their price target on Altus Group from C$35.00 to C$36.00 and gave the stock a buy rating in a research note on Thursday, August 3rd. Canaccord Genuity lifted their price target on Altus Group from C$36.00 to C$39.00 in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada upgraded Altus Group from a sector perform rating to an outperform rating and lifted their price target for the stock from C$33.00 to C$36.00 in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Altus Group presently has a consensus rating of Buy and an average target price of C$39.67.

Altus Group (TSE AIF) opened at C$35.68 on Friday. Altus Group has a 52 week low of C$25.25 and a 52 week high of C$37.89.

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The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a $0.15 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. Altus Group’s payout ratio is currently 18.93%.

In other news, insider Barry Isaac Eisen sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$35.90, for a total transaction of C$71,800.00. Also, insider Edward Charles Orlik sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of C$31.88, for a total value of C$79,700.00.

Altus Group Company Profile

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.

Analyst Recommendations for Altus Group (TSE:AIF)

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