Peter Lauren Karl Sells 2,300 Shares of Altagas Ltd (ALA) Stock
Altagas Ltd (TSE:ALA) 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.
Shares of Altagas Ltd (TSE ALA) opened at C$29.42 on Friday. Altagas Ltd has a 52-week low of C$26.87 and a 52-week high of C$35.15.
A number of research firms have recently issued reports on ALA. Beacon Securities reissued a “buy” rating on shares of Altagas in a research report on Thursday, September 21st. BMO Capital Markets reissued a “market perform” rating and issued a C$32.00 price target on shares of Altagas in a research report on Friday, October 20th. CIBC reduced their price target on shares of Altagas from C$38.00 to C$35.00 in a research report on Friday, October 20th. Raymond James Financial, Inc. reduced their price target on shares of Altagas from C$32.00 to C$30.00 and set a “market perform” rating for the company in a research report on Monday, October 23rd. Finally, Scotiabank reduced their price target on shares of Altagas from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Altagas presently has an average rating of “Buy” and a consensus price target of C$33.75.
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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