Altagas (TSE:ALA) had its target price lowered by investment analysts at BMO Capital Markets from C$32.00 to C$30.00 in a research report issued on Tuesday. BMO Capital Markets’ target price points to a potential upside of 12.53% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. CIBC lowered their price objective on Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. Raymond James Financial lowered their price objective on Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Monday, October 23rd. Scotiabank lowered their price objective on Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Finally, National Bank Financial cut Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 28th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Altagas presently has an average rating of “Hold” and a consensus price target of C$33.00.
Shares of Altagas (ALA) traded up C$0.10 during trading on Tuesday, reaching C$26.66. The company had a trading volume of 718,286 shares, compared to its average volume of 585,917. Altagas has a fifty-two week low of C$26.20 and a fifty-two week high of C$31.70. The company has a market cap of $4,630.00, a PE ratio of 56.72 and a beta of 0.38.
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Altagas Company Profile
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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