AltaGas (TSX: ALA), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Benjamin Pham from BMO Capital remains neutral on the stock and has a C$26 price target.
According to TipRanks.com, Pham is ranked #602 out of 4869 analysts.
Currently, the analyst consensus on AltaGas is a Moderate Buy with an average price target of C$27.80.
AltaGas’ market cap is currently C$4.4B and has a P/E ratio of 73.8. The company has a Price to Book ratio of 1.17.
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$25.17.
