Several other analysts have also recently commented on ALA. National Bank Financial cut shares of Altagas from an outperform overweight rating to a sector perform overweight rating in a research note on Sunday, January 28th. Scotiabank reduced their price objective on shares of Altagas from C$36.00 to C$34.00 and set an outperform rating for the company in a research note on Friday, October 20th. Raymond James Financial reduced their price objective on shares of Altagas from C$32.00 to C$30.00 and set a market perform rating for the company in a research note on Monday, October 23rd. Finally, CIBC reduced their price objective on shares of Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$32.17.
Shares of Altagas (TSE ALA) opened at C$25.97 on Tuesday. Altagas has a 52 week low of C$25.97 and a 52 week high of C$31.70. The company has a market cap of $4,530.00, a PE ratio of 55.26 and a beta of 0.38.
In other Altagas news, Director David Wallace Cornhill sold 4,000 shares of Altagas stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of C$29.01, for a total transaction of C$116,040.00. Also, insider Peter Lauren Karl sold 2,300 shares of Altagas stock in a transaction dated Thursday, November 23rd. The stock was sold at an average price of C$29.66, for a total transaction of C$68,218.00.
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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