AltaGas (OTCMKTS:ATGFF) Given New C$31.00 Price Target at Scotiabank

AltaGas (OTCMKTS:ATGFF – Get Rating) had its price target hoisted by Scotiabank from C$30.00 to C$31.00 in a research note published on Monday, The Fly reports.

Several other brokerages have also commented on ATGFF. Credit Suisse Group raised AltaGas from a neutral rating to an outperform rating in a report on Tuesday, October 25th. National Bank Financial cut their price target on shares of AltaGas from C$33.00 to C$30.00 in a report on Thursday, October 20th. BMO Capital Markets decreased their price objective on shares of AltaGas from C$37.00 to C$36.00 in a report on Monday, October 31st. Barclays began coverage on shares of AltaGas in a research note on Wednesday, January 18th. They set an overweight rating for the company. Finally, Canaccord Genuity Group decreased their price target on shares of AltaGas from C$32.00 to C$31.00 and set a buy rating on the stock in a research note on Monday, October 31st.

AltaGas Stock Performance

OTCMKTS:ATGFF opened at $18.30 on Monday. AltaGas has a 52 week low of $16.20 and a 52 week high of $24.83. The stock’s 50-day moving average price is $17.37 and its 200-day moving average price is $19.45.

AltaGas Company Profile

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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.