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

Altus Group Limited (TSE:AIF)’s share price crossed 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 traded.

Analyst Ratings Changes

AIF has been the subject of several recent analyst reports. CIBC raised their price objective on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research report 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 report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Altus Group presently has an average rating of “Hold” and an average price target of C$57.11.

Altus Group Trading Down 0.2 %

The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The firm has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 991.33, a PEG ratio of 0.96 and a beta of 0.82. The business’s 50-day simple moving average is C$57.10 and its two-hundred day simple moving average is C$55.70.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan acquired 11,144 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of C$56.01 per share, for a total transaction of C$624,175.44. Over the last quarter, insiders acquired 33,653 shares of company stock worth $1,912,006. Corporate insiders own 4.05% of the company’s stock.

About Altus Group

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.