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

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

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

Shares of Altus Group (AIF) traded down C$0.45 during trading hours 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 price-to-earnings ratio of 11.06 and a beta of 0.34.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.34 EPS for the quarter, topping 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 business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Sunday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 1.71%. Altus Group’s dividend payout ratio is currently 18.93%.

In other Altus Group 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 value of C$54,000.00. Also, insider Barry Isaac Eisen sold 8,755 shares of Altus Group stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$37.30, for a total transaction of C$326,561.50. Over the last 90 days, insiders sold 19,055 shares of company stock worth $701,582.

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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.

Analyst Recommendations for Altus Group (TSE:AIF)

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