Altagas Ltd (ALA) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Altagas Ltd (TSE:ALA) have received an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$35.89.
A number of analysts have recently issued reports on the stock. Scotiabank restated an “outperform” rating and set a C$36.00 target price on shares of Altagas in a research note on Thursday, April 27th. Royal Bank Of Canada restated a “sector perform” rating and set a C$35.00 target price on shares of Altagas in a research note on Monday, March 20th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a C$32.00 target price on shares of Altagas in a research note on Thursday, April 27th.
Altagas (TSE ALA) traded down 0.47% on Monday, hitting $29.88. 142,289 shares of the stock traded hands. The stock has a market cap of $5.07 billion and a price-to-earnings ratio of 36.84. The firm’s 50 day moving average is $30.54 and its 200 day moving average is $31.50. Altagas has a 52 week low of $29.54 and a 52 week high of $35.55.
In other Altagas news, insider Kent Eugene Stout sold 1,000 shares of Altagas stock in a transaction dated Monday, May 8th. The shares were sold at an average price of C$31.60, for a total value of C$31,600.00.
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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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