Altus Group Limited (TSE:AIF) Director Buys C$1,154,106.04 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 22,156 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of C$52.09 per share, for a total transaction of C$1,154,106.04.

William Brennan also recently made the following trade(s):

• On Monday, December 30th, William Brennan sold 11,150 shares of Altus Group stock. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50.
• On Monday, December 23rd, William Brennan bought 300 shares of Altus Group stock. The shares were acquired at an average cost of C$55.70 per share, with a total value of C$16,710.00.
• On Tuesday, December 17th, William Brennan purchased 1,227 shares of Altus Group stock. The shares were purchased at an average price of C$56.43 per share, with a total value of C$69,239.61.
• On Thursday, December 12th, William Brennan acquired 171 shares of Altus Group stock. The shares were bought at an average price of C$57.50 per share, for a total transaction of C$9,832.50.

Altus Group Trading Down 1.3 %

TSE:AIF traded down C$0.66 during mid-day trading on Tuesday, reaching C$51.35. 34,170 shares of the company’s stock traded hands, compared to its average volume of 95,118. The firm has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 898.53, a PEG ratio of 0.96 and a beta of 0.82. The company has a 50 day moving average price of C$56.34 and a 200-day moving average price of C$55.61. Altus Group Limited has a 12-month low of C$46.09 and a 12-month high of C$61.09. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIF. Royal Bank of Canada lifted their price objective on Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. CIBC cut their price objective on shares of Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$57.44.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.