Will Altagas Ltd Go Down Anytime Soon?

 Will Altagas Ltd Go Down Anytime Soon?

The stock of Altagas Ltd (TSE:ALA) is a huge mover today! About 19,772 shares traded hands. Altagas Ltd (TSE:ALA) has risen 3.00% since April 20, 2016 and is uptrending. It has underperformed by 2.41% the S&P500.
The move comes after 9 months positive chart setup for the $5.29 billion company. It was reported on Nov, 24 by Barchart.com. We have $33.73 PT which if reached, will make TSE:ALA worth $158.70 million 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 8.70% above today’s ($32.75) stock price. AltaGas Ltd. has been the topic of 33 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities with “Buy” on Tuesday, June 28. The firm has “Hold” rating by GMP Securities given on Friday, October 21. As per Friday, October 2, the company rating was upgraded by Canaccord Genuity. National Bank Canada downgraded the stock to “Sector Perform” rating in Monday, January 25 report. National Bank Canada maintained the shares of ALA in a report on Tuesday, June 7 with “Sector Perform” rating. RBC Capital Markets maintained Altagas Ltd (TSE:ALA) on Tuesday, June 7 with “Sector Perform” rating. The firm earned “Sector Perform” rating on Tuesday, June 7 by IBC. The company was reinitiated on Friday, October 2 by TD Securities. Desjardins Securities upgraded the shares of ALA in a report on Monday, October 24 to “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, October 23.

More notable recent Altagas Ltd (TSE:ALA) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on July 07, 2010, also Fool.ca with their article: “Dividend Investors: Is Altagas Ltd. or Inter Pipeline Ltd. a Better Pick Today?” published on November 21, 2016, Marketwired.com published: “AltaGas Ltd. Reports Strong Second Quarter Results and Increases Dividend 6.1 …” on July 21, 2016. More interesting news about Altagas Ltd (TSE:ALA) were released by: Business.Financialpost.com and their article: “AltaGas Ltd lays off 70 workers, expected to result in savings of $7 million a …” published on July 21, 2016 as well as Fool.ca‘s news article titled: “Can You Get a Safe Income From Altagas Ltd.?” with publication date: September 28, 2016.

AltaGas Ltd. is a Canada-based energy infrastructure company. The company has a market cap of $5.29 billion. The Firm operates through three divisions: Gas, Power and Utilities. It has a 84.03 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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