Raymond James Financial Inc. Boosts Altagas Ltd (ALA) Price Target to C$32.00
Altagas Ltd (TSE:ALA) had its target price raised by investment analysts at Raymond James Financial Inc. from C$31.00 to C$32.00 in a report released on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective suggests a potential downside of 3.29% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. TD Securities restated a “buy” rating and issued a C$35.00 price target on shares of Altagas in a research report on Tuesday, June 28th. BMO Capital Markets boosted their price target on Altagas from C$34.00 to C$35.00 in a research report on Thursday, July 7th. National Bank Financial boosted their price target on Altagas from C$34.00 to C$35.00 in a research report on Monday, July 18th. FirstEnergy Capital restated an “outperform” rating on shares of Altagas in a research report on Tuesday, July 12th. Finally, Royal Bank Of Canada boosted their price target on Altagas from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$35.00.
Altagas (TSE:ALA) traded up 0.15% during trading on Wednesday, hitting $33.14. The stock had a trading volume of 241,567 shares. The firm has a market cap of $5.43 billion and a P/E ratio of 131.51. Altagas has a 12-month low of $27.25 and a 12-month high of $35.70. The stock’s 50 day moving average price is $33.62 and its 200 day moving average price is $32.07.
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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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