Altus Group (TSE:AIF) Stock Passes Above 200 Day Moving Average of $30.80
Altus Group Ltd (TSE:AIF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $30.80 and traded as high as $38.52. Altus Group shares last traded at $38.01, with a volume of 59,012 shares.
Several brokerages have recently commented on AIF. BMO Capital Markets lifted their target price on Altus Group from C$33.00 to C$38.00 in a research report on Friday, August 9th. Canaccord Genuity lifted their target price on Altus Group from C$33.00 to C$34.00 in a research report on Thursday, June 27th. Cormark downgraded Altus Group from a “buy” rating to a “market perform” rating in a research note on Friday, August 9th. National Bank Financial upped their price objective on Altus Group from C$35.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on Altus Group from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Altus Group currently has an average rating of “Buy” and an average price target of C$36.00.
The company’s fifty day moving average price is C$36.67 and its 200 day moving average price is C$30.80. The company has a market capitalization of $1.49 billion and a P/E ratio of -408.49. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 64.50.
In related news, Director Alex Probyn sold 8,488 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$38.15, for a total transaction of C$323,817.20. Following the completion of the transaction, the director now directly owns 33,107 shares of the company’s stock, valued at approximately C$1,263,032.05. Also, Director Robert G. Courteau sold 41,250 shares of Altus Group stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$37.87, for a total value of C$1,562,050.88. Following the transaction, the director now directly owns 143,423 shares in the company, valued at C$5,431,127.82.
Altus Group Company Profile (TSE:AIF)
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.
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