AltaGas Ltd. (OTCMKTS:ATGFF) Receives Average Rating of “Buy” from Analysts

AltaGas Ltd. (OTCMKTS:ATGFF – Get Rating) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $32.14.

ATGFF has been the topic of a number of analyst reports. Scotiabank increased their price target on shares of AltaGas from C$31.00 to C$33.00 in a research report on Tuesday, April 19th. TD Securities lifted their target price on AltaGas from C$32.00 to C$33.00 in a research report on Friday, April 29th. National Bank Financial boosted their price target on shares of AltaGas from C$29.00 to C$31.00 in a research report on Wednesday, January 26th. Finally, Royal Bank of Canada boosted their price target on AltaGas from C$31.00 to C$33.00 in a research report on Friday, April 29th.

Shares of AltaGas stock opened at $22.66 on Tuesday. AltaGas has a fifty-two week low of $18.85 and a fifty-two week high of $24.83. The firm has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $21.50.

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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