Altagas Ltd (TSE:ALA) had its price target increased by equities researchers at Raymond James Financial Inc. from C$31.00 to C$32.00 in a research report issued on Wednesday. Raymond James Financial Inc.’s target price points to a potential downside of 3.93% from the stock’s previous close.
A number of other equities analysts also recently commented on ALA. TD Securities reaffirmed a “buy” rating and set a C$35.00 target price on shares of Altagas in a research note on Tuesday, June 28th. BMO Capital Markets lifted their target price on shares of Altagas from C$34.00 to C$35.00 in a research note on Thursday, July 7th. National Bank Financial lifted their target price on shares of Altagas from C$34.00 to C$35.00 in a research note on Monday, July 18th. FirstEnergy Capital reaffirmed an “outperform” rating on shares of Altagas in a research note on Tuesday, July 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Altagas from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$35.00.
Altagas (TSE:ALA) opened at 33.31 on Wednesday. Altagas has a 1-year low of $27.25 and a 1-year high of $35.70. The stock’s 50 day moving average is $33.56 and its 200-day moving average is $32.09. The company has a market capitalization of $5.45 billion and a P/E ratio of 132.18.
Altagas Company Profile
AltaGas Ltd. is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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