Altagas (TSE:ALA) had its price objective dropped by stock analysts at BMO Capital Markets from C$32.00 to C$30.00 in a research note issued to investors on Tuesday, February 6th. BMO Capital Markets’ price target would indicate a potential upside of 15.47% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. CIBC lowered their price target on Altagas from C$38.00 to C$35.00 in a research report on Friday, October 20th. Raymond James Financial lowered their price target on Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Monday, October 23rd. National Bank Financial downgraded Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Sunday, January 28th. Finally, Scotiabank lowered their price target on Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Altagas has a consensus rating of “Hold” and a consensus target price of C$31.67.
Shares of Altagas (TSE:ALA) opened at C$25.98 on Tuesday. Altagas has a 12-month low of C$25.42 and a 12-month high of C$31.70. The firm has a market capitalization of $4,530.00, a PE ratio of 55.28 and a beta of 0.38.
In related news, Director David Wallace Cornhill sold 4,000 shares of the firm’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. Also, insider Peter Lauren Karl sold 2,300 shares of the firm’s 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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