AltaGas (TSE:ALA) Given a C$45.00 Price Target by TD Securities Analysts

AltaGas (TSE:ALA - Get Free Report) received a C$45.00 price objective from equities research analysts at TD Securities in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 16.88% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. National Bankshares raised their target price on AltaGas from C$41.00 to C$44.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Royal Bank Of Canada increased their price objective on AltaGas from C$40.00 to C$43.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on AltaGas from C$39.00 to C$41.00 in a report on Monday, April 21st. Veritas raised shares of AltaGas to a "strong sell" rating in a report on Friday, May 2nd. Finally, Scotiabank increased their target price on shares of AltaGas from C$42.00 to C$45.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$41.70.

AltaGas Price Performance

TSE:ALA traded up C$0.12 during trading hours on Friday, reaching C$38.50. 217,330 shares of the company were exchanged, compared to its average volume of 841,408. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The stock's 50-day moving average is C$38.64 and its 200-day moving average is C$36.60. The firm has a market cap of C$11.46 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. AltaGas has a twelve month low of C$30.51 and a twelve month high of C$40.98.

Insider Activity at AltaGas

In other AltaGas news, Senior Officer Donald Mark Jenkins sold 1,800 shares of AltaGas stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$39.02, for a total value of C$70,236.00. Also, Senior Officer Randy Warren Toone sold 92,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of C$39.19, for a total value of C$3,605,480.00. Over the last quarter, insiders sold 107,161 shares of company stock valued at $4,210,690. 0.58% of the stock is owned by company insiders.

AltaGas Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.

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