Altagas Ltd (TSE:ALA) Given Consensus Recommendation of “Hold” by Brokerages
Altagas Ltd (TSE:ALA) has received a consensus rating of “Hold” from the ten analysts that are presently covering the stock. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$34.88.
ALA has been the subject of a number of research reports. BMO Capital Markets lifted their target price on Altagas from C$34.00 to C$35.00 in a report on Thursday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$33.00 target price on shares of Altagas in a report on Tuesday, June 7th. TD Securities reaffirmed a “buy” rating and set a C$35.00 target price on shares of Altagas in a report on Tuesday, June 28th. Desjardins reaffirmed a “hold” rating on shares of Altagas in a report on Monday, June 6th. Finally, National Bank Financial lifted their target price on Altagas from C$34.00 to C$35.00 in a report on Monday, July 18th.
Shares of Altagas (TSE:ALA) opened at 33.40 on Thursday. The company has a market cap of $5.47 billion and a PE ratio of 132.54. Altagas has a one year low of $27.25 and a one year high of $35.70. The stock’s 50 day moving average is $33.84 and its 200-day moving average is $32.06.
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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