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.

In other Altagas news, Director David Wallace Cornhill sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of C$29.01, for a total value of C$116,040.00.

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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.

Analyst Recommendations for Altagas (TSE:ALA)

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