AltaGas (ALA) has received a rating update from a Wall Street analyst today. Analyst Chris Cox from Raymond James rated AltaGas (ALA) a Hold, setting a C$19 price target.
According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.3% and a 53.2% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Currently, the analyst consensus on AltaGas is a Hold with an average price target of C$18.13, representing a 3.1% upside. In a report released yesterday, Desjardins also reiterated a Hold rating on the stock with a C$19 price target.
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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 1.7M.
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$17.59.
