AltaGas (ALA), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Christopher Turnure from J.P. Morgan reiterated a Hold rating, with a C$16 price target.
According to TipRanks.com, Turnure is a 3-star analyst with an average return of 1.4% and a 60.2% success rate. Turnure covers the Utilities sector, focusing on stocks such as American Electric Power, Dominion Resources, and PG&E Corp.
AltaGas has an analyst consensus of Hold, with a price target consensus of C$17.75.
The company has a one-year high of C$28.45 and a one-year low of C$11.87. Currently, AltaGas has an average volume of 1.44M.
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$17.80.
