Altagas (TSE:ALA) had its price objective boosted by TD Securities from C$22.00 to C$23.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Cormark reissued a market perform rating on shares of Altagas in a research report on Friday, May 3rd. Raymond James reissued a market perform rating and set a C$19.00 target price on shares of Altagas in a research report on Tuesday, July 23rd. Royal Bank of Canada increased their target price on shares of Altagas from C$20.00 to C$22.00 and gave the company a sector perform rating in a research report on Tuesday, July 23rd. Industrial Alliance Securities increased their target price on shares of Altagas from C$21.50 to C$23.00 and gave the company a buy rating in a research report on Thursday, June 27th. Finally, CIBC increased their target price on shares of Altagas from C$20.00 to C$21.00 in a research report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Altagas currently has a consensus rating of Hold and an average target price of C$20.91.
TSE:ALA opened at C$19.98 on Friday. The firm has a market cap of $5.51 billion and a P/E ratio of 18.20. The firm’s 50 day moving average price is C$19.94. The company has a debt-to-equity ratio of 111.23, a current ratio of 0.69 and a quick ratio of 0.25. Altagas has a fifty-two week low of C$11.87 and a fifty-two week high of C$26.38.
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.
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