AltaGas (ALA) Receives a Hold from National Bank

AltaGas (TSX: ALA), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Patrick Kenny from National Bank rated AltaGas (TSX: ALA) a Hold, setting a C$26 price target.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AltaGas with a C$27.80 average price target, representing a 21.5% upside. In a report issued on September 11, BMO Capital also maintained a Hold rating on the stock with a C$26 price target.


AltaGas’ market cap is currently C$4.24B and has a P/E ratio of 71.2. The company has a Price to Book ratio of 1.13.

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$22.88, close to its 52-week low of C$22.82.

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