Altus Group (TSE:AIF) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$55.76 and traded as high as C$57.94. Altus Group shares last traded at C$57.45, with a volume of 46,410 shares.

Analyst Ratings Changes

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

Altus Group Stock Down 0.4 %

The firm has a market capitalization of C$2.67 billion, a PE ratio of 1,005.27, a P/E/G ratio of 0.96 and a beta of 0.82. The stock has a 50-day simple moving average of C$56.93 and a 200-day simple moving average of C$55.76. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91.

Insider Buying and Selling at Altus Group

In related news, Director William Brennan sold 11,150 shares of Altus Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of C$55.45, for a total value of C$618,267.50. Insiders have acquired a total of 9,027 shares of company stock valued at $515,312 over the last three months. 4.05% of the stock is currently owned by insiders.

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.