Altagas (ALA) PT Lowered to C$26.00 at Canaccord Genuity
Altagas (TSE:ALA) had its price target cut by research analysts at Canaccord Genuity from C$28.00 to C$26.00 in a report issued on Friday. Canaccord Genuity’s price target indicates a potential upside of 9.89% from the company’s previous close.
ALA has been the topic of several other research reports. National Bank Financial lowered Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Sunday, January 28th. BMO Capital Markets dropped their target price on Altagas from C$32.00 to C$30.00 in a report on Tuesday, February 6th. Royal Bank of Canada dropped their target price on Altagas from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, CIBC lowered Altagas from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$35.00 to C$32.00 in a report on Friday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$28.71.
Altagas (TSE ALA) opened at C$23.66 on Friday. The company has a market capitalization of $4,150.00, a price-to-earnings ratio of 50.34 and a beta of 0.40. Altagas has a twelve month low of C$23.45 and a twelve month high of C$31.70.
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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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