Altagas Ltd (ALA) Stock Rating Reaffirmed by Royal Bank of Canada

Altagas Ltd (TSE:ALA)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank of Canada in a research note issued on Monday, StockTargetPrices.com reports. They currently have a C$35.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 12.98% from the stock’s previous close.

ALA has been the topic of a number of other reports. Scotiabank restated an “outperform” rating and issued a C$36.00 price target on shares of Altagas in a research report on Friday, February 24th. Macquarie upgraded shares of Altagas from a “neutral” rating to an “outperform” rating in a research report on Friday, February 10th. National Bank Financial boosted their price target on shares of Altagas from C$37.00 to C$38.00 in a research report on Wednesday, January 25th. Raymond James Financial, Inc. set a C$34.00 price target on shares of Altagas and gave the company a “market perform” rating in a research report on Wednesday, January 4th. Finally, Canaccord Genuity reduced their price target on shares of Altagas from C$35.00 to C$33.00 and set a “hold” rating on the stock in a research report on Monday, February 6th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Altagas currently has a consensus rating of “Buy” and a consensus price target of C$36.00.

Analyst Recommendations for Altagas (TSE:ALA)

Altagas (TSE:ALA) traded down 0.32% during trading on Monday, reaching $30.88. 213,847 shares of the company were exchanged. The firm has a 50-day moving average of $31.00 and a 200-day moving average of $32.68. The firm has a market cap of $5.19 billion and a price-to-earnings ratio of 31.22. Altagas has a 52-week low of $28.86 and a 52-week high of $35.55.

Your IP Address:

In related news, Director Phillip R. Knoll bought 1,000 shares of Altagas stock in a transaction dated Thursday, March 9th. The shares were bought at an average cost of C$29.75 per share, for a total transaction of C$29,750.00. Also, insider Shaun William Toivanen bought 1,550 shares of Altagas stock in a transaction dated Monday, February 27th. The shares were bought at an average price of C$29.94 per share, for a total transaction of C$46,407.00. Insiders have bought 7,550 shares of company stock worth $231,057 over the last quarter.

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.

Stock Target Prices

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/altagas-ltd-ala-stock-rating-reaffirmed-by-royal-bank-of-canada/1709069.html

Receive News & Ratings for Altagas Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altagas Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *