The stock of Altagas Ltd (TSE:ALA) is a huge mover today! About 98,961 shares traded hands. Altagas Ltd (TSE:ALA) has declined 1.45% since March 30, 2016 and is downtrending. It has underperformed by 2.67% the S&P500.
The move comes after 8 months positive chart setup for the $5.11 billion company. It was reported on Nov, 3 by Barchart.com. We have $48.55 PT which if reached, will make TSE:ALA worth $2.61 billion more.
Altagas Ltd (TSE:ALA) Ratings Coverage
Out of 8 analysts covering AltaGas Ltd. (TSE:ALA), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $47 is the highest target while $31 is the lowest. The $35.60 average target is 10.73% above today’s ($32.15) stock price. AltaGas Ltd. has been the topic of 33 analyst reports since July 31, 2015 according to StockzIntelligence Inc. TD Securities maintained Altagas Ltd (TSE:ALA) on Tuesday, June 28 with “Buy” rating. The rating was upgraded by Desjardins Securities on Monday, October 24 to “Buy”. The company was maintained on Tuesday, June 7 by National Bank Canada. The company was upgraded on Friday, October 2 by Canaccord Genuity. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, October 23. The firm earned “Sector Perform” rating on Tuesday, June 7 by RBC Capital Markets. The firm earned “Hold” rating on Friday, October 21 by GMP Securities. The stock of Altagas Ltd (TSE:ALA) has “Sector Perform” rating given on Monday, January 25 by National Bank Canada. The rating was reinitiated by TD Securities with “Buy” on Friday, October 2. The firm earned “Sector Perform” rating on Tuesday, June 7 by IBC.
More notable recent Altagas Ltd (TSE:ALA) news were published by: Business.Financialpost.com which released: “AltaGas Ltd lays off 70 workers, expected to result in savings of $7 million a …” on July 21, 2016, also Business.Financialpost.com with their article: “AltaGas Ltd shelves Douglas Channel LNG plans amid global surplus” published on February 25, 2016, Fool.ca published: “Why Altagas Ltd. Jumped 4% in a Day” on October 21, 2016. More interesting news about Altagas Ltd (TSE:ALA) were released by: Marketwired.com and their article: “AltaGas Ltd. Reports 2015 Fourth Quarter and Year End Results” published on February 25, 2016 as well as Marketwired.com‘s news article titled: “AltaGas Ltd. Announces Close of GWF Acquisition” with publication date: November 30, 2015.
AltaGas Ltd. is a Canada-based energy infrastructure company. The company has a market cap of $5.11 billion. The Firm operates through three divisions: Gas, Power and Utilities. It has a 82.49 P/E ratio. The Gas segment transacts approximately two billion cubic feet per day 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.
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