Raymond James Financial, Inc. Trims Altagas Ltd (ALA) Target Price to C$33.00, Report finds

Raymond James Financial, Inc. Trims Altagas Ltd (ALA) Target Price to C$33.00, Report finds

Altagas Ltd (TSE:ALA) had its price target cut by Raymond James Financial, Inc. from C$34.00 to C$33.00 in a research report released on Friday. They currently have a market perform rating on the stock.

A number of other research analysts also recently weighed in on ALA. Scotiabank reissued a sector perform rating and issued a C$34.00 target price on shares of Altagas in a report on Friday, December 23rd. National Bank Financial raised their price objective on Altagas from C$36.00 to C$37.00 and gave the stock a sector perform rating in a research note on Friday, October 21st. RBC Capital Markets set a C$35.00 price objective on Altagas and gave the stock a sector perform rating in a research note on Wednesday, January 4th. TD Securities raised their price objective on Altagas from C$36.00 to C$37.00 and gave the stock a buy rating in a research note on Wednesday, January 4th. Finally, CIBC raised their price objective on Altagas from C$34.00 to C$35.00 in a research note on Friday, October 21st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$35.90.

Altagas (TSE:ALA) opened at 30.40 on Friday. The stock’s 50 day moving average price is $33.46 and its 200 day moving average price is $33.22. The stock has a market cap of $5.04 billion and a price-to-earnings ratio of 73.43. Altagas has a one year low of $28.86 and a one year high of $35.55.

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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Raymond James Financial, Inc. Trims Altagas Ltd (ALA) Target Price to C$33.00

Raymond James Financial, Inc. Trims Altagas Ltd (ALA) Target Price to C$33.00

Altagas Ltd (TSE:ALA) had its price target cut by Raymond James Financial, Inc. from C$34.00 to C$33.00 in a research report released on Friday. They currently have a market perform rating on the stock.

A number of other research analysts also recently weighed in on ALA. Scotiabank reissued a sector perform rating and issued a C$34.00 target price on shares of Altagas in a report on Friday, December 23rd. National Bank Financial raised their price objective on Altagas from C$36.00 to C$37.00 and gave the stock a sector perform rating in a research note on Friday, October 21st. RBC Capital Markets set a C$35.00 price objective on Altagas and gave the stock a sector perform rating in a research note on Wednesday, January 4th. TD Securities raised their price objective on Altagas from C$36.00 to C$37.00 and gave the stock a buy rating in a research note on Wednesday, January 4th. Finally, CIBC raised their price objective on Altagas from C$34.00 to C$35.00 in a research note on Friday, October 21st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$35.90.

Altagas (TSE:ALA) opened at 30.40 on Friday. The stock’s 50 day moving average price is $33.46 and its 200 day moving average price is $33.22. The stock has a market cap of $5.04 billion and a price-to-earnings ratio of 73.43. Altagas has a one year low of $28.86 and a one year high of $35.55.

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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Leave a Comment