Altagas Ltd (ALA) Receives “Market Perform” Rating from Raymond James Financial, Inc.

Altagas Ltd (ALA) Receives “Market Perform” Rating from Raymond James Financial, Inc.

Raymond James Financial, Inc. reiterated their market perform rating on shares of Altagas Ltd (TSE:ALA) in a report released on Tuesday morning. The brokerage currently has a C$34.00 target price on the stock.

Other analysts also recently issued research reports about the company. Scotiabank lifted their price objective on Altagas from C$33.00 to C$34.00 and gave the stock a sector perform rating in a research note on Friday, October 21st. CIBC lifted their price objective on Altagas from C$34.00 to C$35.00 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. National Bank Financial lifted 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. Finally, TD Securities boosted their target price on Altagas from C$37.00 to C$38.00 and gave the company a buy rating in a research report on Friday, October 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Altagas has a consensus rating of Hold and an average price target of C$36.00.

Shares of Altagas (TSE:ALA) opened at 31.23 on Tuesday. Altagas has a 1-year low of $28.86 and a 1-year high of $35.55. 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 $5.17 billion and a price-to-earnings ratio of 75.43.

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.

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