In a latest note to investors, a research analyst has provided a rating update for the AltaGas (TSX: ALA). Analyst Linda Ezergailis from TD Securities reiterated a Buy rating, with a C$22 price target today.
According to TipRanks.com, Ezergailis is ranked #4327 out of 4895 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AltaGas with a C$22.25 average price target, a 37.3% upside from current levels. In a report released yesterday, Desjardins also upgraded the stock to Buy with a C$24 price target.
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AltaGas’ market cap is currently C$4.45B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.86.
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 Thursday at C$16.20, close to its 52-week low of C$15.70.
