Altagas Ltd (ALA) Price Target Raised to C$32.00
Altagas Ltd (TSE:ALA) had its price target boosted by stock analysts 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 would indicate a potential downside of 3.67% from the company’s previous close.
ALA has been the topic of several other reports. BMO Capital Markets boosted 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 boosted their target price on shares of Altagas from C$35.00 to C$36.00 in a research note on Sunday, July 24th. TD Securities reissued a “buy” rating and set a C$35.00 target price on shares of Altagas in a research note on Tuesday, June 28th. Scotiabank boosted their target price on shares of Altagas from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Altagas from C$33.00 to C$34.00 and gave the company 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 assigned a buy rating to the stock. Altagas currently has a consensus rating of “Hold” and a consensus target price of C$35.00.
Shares of Altagas (TSE:ALA) traded up 0.39% during mid-day trading on Wednesday, hitting $33.22. The stock had a trading volume of 337,798 shares. Altagas has a one year low of $27.25 and a one year high of $35.70. The firm’s 50 day moving average price is $33.62 and its 200-day moving average price is $32.07. The company has a market cap of $5.44 billion and a PE ratio of 131.83.
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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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