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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About Altagas

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.

Analyst Recommendations for Altagas (TSE:ALA)

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