AltaGas (TSX: ALA), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. BMO Capital’s analyst Benjamin Pham reiterates their Hold rating on the shares, with a C$23 price target.
According to TipRanks.com, Pham is ranked #645 out of 4876 analysts.
AltaGas has an analyst consensus of Moderate Buy, with a price target consensus of C$27.20, which is a 21.5% upside from current levels. In a report issued on September 14, National Bank also maintained a Hold rating on the stock with a C$26 price target.
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The company has a one-year high of C$30.06 and a one-year low of C$22.78. Currently, AltaGas has an average volume of 1.1M.
AltaGas Ltd. engages in the generation and distribution of electricity. It operates through the following segments: Gas, Power and Utilities. The Gas segment business gathers, processes, transports, stores and markets natural gas and natural gas liquids.
The company’s shares closed on Monday at C$22.38.
