AltaGas (ATGFF) Receives a Buy from RBC Capital

In a report issued on July 29, Robert Kwan from RBC Capital maintained a Buy rating on AltaGas (ATGFFResearch Report), with a price target of C$34.00. The company’s shares closed last Monday at $22.77.

Kwan has an average return of 24.5% when recommending AltaGas.

According to TipRanks.com, Kwan is ranked #44 out of 7995 analysts.

Currently, the analyst consensus on AltaGas is a Strong Buy with an average price target of $27.18, representing a 20.8% upside. In a report issued on July 29, Scotiabank also maintained a Buy rating on the stock with a C$34.00 price target.

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The company has a one-year high of $24.83 and a one-year low of $18.85. Currently, AltaGas has an average volume of 5,409.

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AltaGas Ltd. engages in the generation and distribution of electricity. It operates through the following segments: Gas, Power and Utilities. The Gas segment business gathers, processes, transports, stores and markets natural gas and natural gas liquids. The Power segment consists of operating conventional and renewable power including wind, run-of-river hydro and biomass. The Utilities segment involves the ownership of regulated natural gas distribution and storage utilities. The company was founded by David Wallace Cornhill in 1993 and is headquartered in Calgary, Canada.

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