In a new note to investors on April 12, an analyst has provided a rating update for the Materials sector company, AltaGas (ALA). BMO Capital’s analyst Benjamin Pham reiterates their Hold rating on the shares, with a C$18 price target.
According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.7% and a 82.5% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., TerraForm Power, and Pattern Energy.
Currently, the analyst consensus on AltaGas is a Hold with an average price target of C$17.75.
AltaGas’ market cap is currently C$5.04B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.88.
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 Tuesday at C$18.22.
