Altus Group (AIF) Given a C$41.00 Price Target by Scotiabank Analysts

Scotiabank set a C$41.00 target price on Altus Group (TSE:AIF) in a research report report published on Wednesday. The firm currently has a sector perform rating on the stock.

AIF has been the subject of several other research reports. Royal Bank of Canada raised their price target on shares of Altus Group from C$36.00 to C$40.00 and gave the company an outperform rating in a research report on Tuesday, October 31st. BMO Capital Markets raised their price target on shares of Altus Group from C$37.00 to C$43.00 in a research report on Friday, November 3rd. National Bank Financial raised their price target on shares of Altus Group from C$40.00 to C$43.00 and gave the company an outperform rating in a research report on Friday, November 3rd. Canaccord Genuity raised their price target on shares of Altus Group from C$36.00 to C$39.00 in a research report on Wednesday, November 1st. Finally, CIBC raised their price target on shares of Altus Group from C$28.00 to C$32.00 in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Altus Group has an average rating of Buy and an average target price of C$39.86.

Altus Group (TSE AIF) traded down C$0.45 during trading on Wednesday, reaching C$35.05. 69,530 shares of the company traded hands, compared to its average volume of 140,068. Altus Group has a 12-month low of C$25.25 and a 12-month high of C$37.89. The firm has a market cap of $1,370.00, a P/E ratio of 11.06 and a beta of 0.34.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.01. Altus Group had a net margin of 6.39% and a return on equity of 7.21%.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Sunday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 1.71%. Altus Group’s dividend payout ratio is presently 18.93%.

In other news, insider Colin Boyd Johnston sold 1,500 shares of Altus Group stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$36.00, for a total transaction of C$54,000.00. Also, insider Barry Isaac Eisen sold 2,000 shares of Altus Group stock in a transaction 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. Insiders sold a total of 19,055 shares of company stock valued at $701,582 in the last three months.

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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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