In a new note to investors yesterday, an analyst has provided a rating update for AltaGas (ALA). Analyst Robert Catellier from CIBC rated AltaGas (ALA) a Hold, setting a C$20 price target.
According to TipRanks.com, Catellier is a 1-star analyst with an average return of -1.7% and a 45.5% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
AltaGas has an analyst consensus of Moderate Buy, with a price target consensus of C$18.88, a 27.5% upside from current levels. In a report released today, Raymond James also upgraded the stock to Hold with a C$19 price target.
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The company has a one-year high of C$29.34 and a one-year low of C$13.11. Currently, AltaGas has an average volume of 2.27M.
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 Friday at C$14.81, close to its 52-week low of C$13.11.
