Raymond James Financial Inc. Boosts Altagas Ltd (ALA) Price Target to C$32.00
Altagas Ltd (TSE:ALA) had its price objective upped by equities researchers at Raymond James Financial Inc. from C$31.00 to C$32.00 in a research report issued to clients and investors on Wednesday. Raymond James Financial Inc.’s target price suggests a potential downside of 3.29% from the stock’s previous close.
Other research analysts have also issued reports about the company. FirstEnergy Capital reissued an “outperform” rating on shares of Altagas in a report on Tuesday, July 12th. Royal Bank Of Canada upped their target price on 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. TD Securities upped their target price on Altagas from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. National Bank Financial upped their target price on Altagas from C$34.00 to C$35.00 in a research note on Monday, July 18th. Finally, Scotiabank upped their target price on Altagas from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$35.00.
Shares of Altagas (TSE:ALA) traded up 0.15% during mid-day trading on Wednesday, reaching $33.14. The company had a trading volume of 241,567 shares. Altagas has a 52 week low of $27.25 and a 52 week high of $35.70. The company has a market capitalization of $5.43 billion and a price-to-earnings ratio of 131.51. The stock has a 50 day moving average of $33.62 and a 200-day moving average of $32.07.
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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