AltaGas Ltd (TSE:ALA) Rating Reiterated

The company have set target of $35.00 on Altagas Ltd (TSE:ALA) shares. This is 11.79 % from the last price. In a research note revealed on 28 June, TD Securities maintained their Buy rating on shares of ALA.

Out of 9 analysts covering AltaGas Ltd., 3 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $27.8 and the lowest is $25.48 according to Thomson/First Call. The 12-month mean target is $26.3, which means downside potential of 16.00% over the current price.

TSE:ALA Price Chart & Trend

The stock price of AltaGas Ltd. has declined 13.21% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, AltaGas Ltd. is down 4.36% and down 5.37%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

AltaGas Ltd (TSE:ALA) Profile

AltaGas Ltd. is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of Natural Gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

AltaGas Ltd (TSE:ALA) traded up 3.23% on 28 June, hitting $31.31. A total of 364,460 shares of the company’s stock traded hands. This is down from average of 648,021 shares. AltaGas Ltd. has a 52 week low of $27.09 and a 52 week high of $39.4. The company has a market cap of $5.04B and a P/E ratio of 0.

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The post AltaGas Ltd (TSE:ALA) Stock Rating Reiterated by TD Securities; The $35.00 Target Indicates 11.79 % Potential appeared first on Octafinance.