Altus Group (TSE:AIF) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Altus Group Limited (TSE:AIF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$55.70 and traded as high as C$60.00. Altus Group shares last traded at C$59.48, with a volume of 54,318 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIF. CIBC lifted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price target on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$57.11.

Altus Group Stock Down 0.2 %

The firm has a market cap of C$2.74 billion, a PE ratio of 991.33, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The firm’s 50-day moving average price is C$57.10 and its two-hundred day moving average price is C$55.70.

Insider Transactions at Altus Group

In related news, Director William Brennan acquired 1,227 shares of Altus Group stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of C$56.43 per share, for a total transaction of C$69,239.61. In the last quarter, insiders purchased 33,653 shares of company stock worth $1,912,006. 4.05% of the stock is currently owned by insiders.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.