Altus Group (TSE:AIF) Director William Brennan Acquires 1,146 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 1,146 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was bought at an average cost of C$56.20 per share, with a total value of C$64,405.20. Following the acquisition, the director owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This represents a 0.05% increase in their ownership of the stock.

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

• On Wednesday, November 26th, William Brennan acquired 71,713 shares of Altus Group stock. The shares were purchased at an average cost of C$54.04 per share, for a total transaction of C$3,875,370.52.
• On Wednesday, November 26th, William Brennan acquired 53,791 shares of Altus Group stock. The stock was purchased at an average price of C$54.04 per share, for a total transaction of C$2,906,865.64.
• On Wednesday, November 26th, William Brennan bought 7,548 shares of Altus Group stock. The stock was purchased at an average cost of C$53.99 per share, with a total value of C$407,516.52.
• On Wednesday, November 26th, William Brennan purchased 2,011 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, for a total transaction of C$108,573.89.
• On Wednesday, November 26th, William Brennan purchased 2,207 shares of Altus Group stock. The stock was purchased at an average price of C$53.99 per share, for a total transaction of C$119,155.93.
• On Wednesday, November 26th, William Brennan sold 93,975 shares of Altus Group stock. The stock was sold at an average price of C$53.99, for a total value of C$5,073,710.25.
• On Monday, December 15th, William Brennan bought 3,100 shares of Altus Group stock. The shares were acquired at an average price of C$54.49 per share, for a total transaction of C$168,919.00.
• On Tuesday, December 16th, William Brennan bought 600 shares of Altus Group stock. The stock was acquired at an average cost of C$54.36 per share, for a total transaction of C$32,616.00.
• On Tuesday, November 11th, William Brennan purchased 4,119 shares of Altus Group stock. The shares were acquired at an average price of C$48.85 per share, with a total value of C$201,213.15.
• On Tuesday, November 11th, William Brennan purchased 1,158 shares of Altus Group stock. The shares were acquired at an average cost of C$48.85 per share, with a total value of C$56,568.30.

Altus Group Trading Down 0.2%

Shares of TSE AIF opened at C$49.75 on Friday. Altus Group Limited has a fifty-two week low of C$43.84 and a fifty-two week high of C$63.07. The firm has a market capitalization of C$2.01 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.96 and a beta of 0.68. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company’s 50 day simple moving average is C$54.64 and its 200 day simple moving average is C$56.62.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$133.32 million during the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. On average, analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AIF shares. Royal Bank Of Canada reduced their target price on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. TD Securities reduced their price objective on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$57.00 to C$61.00 in a report on Friday, December 5th. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and increased their target price for the stock from C$61.00 to C$65.00 in a report on Friday, November 21st. Finally, Natl Bk Canada cut shares of Altus Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$59.86.

About Altus Group

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.