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

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

Raymond James Financial, Inc. reaffirmed their market perform rating on shares of Altagas Ltd (TSE:ALA) in a research note published on Tuesday morning. Raymond James Financial, Inc. currently has a C$34.00 target price on the stock.

ALA has been the subject of several other reports. Scotiabank reissued a sector perform rating and set a C$35.00 target price on shares of Altagas in a research report on Friday, January 13th. GMP Securities downgraded shares of Altagas from a buy rating to a hold rating in a research report on Friday, October 21st. Royal Bank Of Canada boosted their target price on shares of Altagas from C$34.00 to C$35.00 and gave the stock a sector perform rating in a research report on Friday, October 21st. RBC Capital Markets boosted their target price on shares of Altagas from C$34.00 to C$35.00 and gave the stock a sector perform rating in a research report on Friday, October 21st. Finally, TD Securities boosted their target price on shares of Altagas from C$36.00 to C$37.00 and gave the stock a buy rating in a research report on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of C$35.89.

Shares of Altagas (TSE:ALA) traded up 0.91% during midday trading on Tuesday, reaching $33.43. 219,722 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $33.54 and a 200 day moving average price of $33.24. The firm has a market cap of $5.54 billion and a PE ratio of 80.75. Altagas has a 12 month low of $28.86 and a 12 month high of $35.55.

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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