Altagas Ltd (TSE:ALA) Director David Wallace Cornhill sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of C$29.01, for a total value of C$116,040.00.
David Wallace Cornhill also recently made the following trade(s):
- On Monday, October 30th, David Wallace Cornhill sold 2,000 shares of Altagas stock. The stock was sold at an average price of C$29.20, for a total value of C$58,400.00.
Shares of Altagas Ltd (TSE:ALA) traded down C$0.21 during midday trading on Friday, hitting C$28.84. The company had a trading volume of 493,700 shares, compared to its average volume of 585,779. Altagas Ltd has a 1 year low of C$26.87 and a 1 year high of C$35.15.
Several research firms have recently issued reports on ALA. Scotiabank lowered their price objective on Altagas from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. CIBC lowered their price objective on Altagas from C$38.00 to C$35.00 in a research report on Friday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$32.00 price objective on shares of Altagas in a research report 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 for the company in a research report on Monday, October 23rd. Finally, Beacon Securities reaffirmed a “buy” rating on shares of Altagas in a research report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$33.75.
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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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