AltaGas (OTCMKTS:ATGFF) Price Target Raised to C$33.00

AltaGas (OTCMKTS:ATGFF – Get Rating) had its price objective upped by equities researchers at Scotiabank from C$31.00 to C$33.00 in a report issued on Tuesday, The Fly reports.

Several other brokerages also recently issued reports on ATGFF. CIBC upped their price target on AltaGas from C$30.00 to C$34.00 in a report on Tuesday, January 11th. National Bank Financial upped their price target on AltaGas from C$29.00 to C$31.00 in a report on Wednesday, January 26th. Finally, TD Securities upped their price target on AltaGas from C$30.00 to C$32.00 in a report on Monday, March 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $31.13.

AltaGas stock traded up $0.14 during trading on Tuesday, hitting $24.34. 518 shares of the company were exchanged, compared to its average volume of 5,500. The business’s 50 day moving average is $22.46 and its 200 day moving average is $21.22. AltaGas has a 52 week low of $16.17 and a 52 week high of $24.34.

AltaGas Company Profile (Get Rating)

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.

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