Altagas Ltd (TSE:ALA) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$40.50.

In related news, Director Phillip R. Knoll bought 1,500 shares of the stock in a transaction on Friday, November 13th. The stock was bought at an average price of C$32.50 per share, for a total transaction of C$48,750.00. Also, insider Peter Lauren Karl sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 16th. The stock was sold at an average price of C$30.40, for a total value of C$243,200.00.

Shares of Altagas (TSE:ALA) opened at 31.38 on Thursday. The firm has a 50 day moving average price of $29.93 and a 200-day moving average price of $33.29. The company has a market cap of $4.56 billion and a price-to-earnings ratio of 58.22. Altagas has a 12-month low of $27.09 and a 12-month high of $47.71.

Several research analysts have issued reports on the company. Canaccord Genuity dropped their target price on Altagas from C$41.50 to C$39.00 and set a “buy” rating for the company in a research report on Friday, October 30th. National Bank Financial dropped their target price on Altagas from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. TD Securities dropped their target price on Altagas from C$47.00 to C$43.00 and set a “buy” rating for the company in a research report on Friday, October 30th. RBC Capital dropped their target price on Altagas from C$40.00 to C$37.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Finally, Raymond James dropped their target price on Altagas from C$38.00 to C$36.00 in a research report on Tuesday, January 12th.

AltaGas Ltd. is a Canada-based energy infrastructure company with a focus on natural gas, power and regulated utilities. The Company operates through three segments: Gas, Power and Utilities. Gas segment serves producers in the Western Canadian Sedimentary Basin (TSE:ALA) and transacts over 2 billion cubic feet per day (Bcf/d) of natural gas. Gas segment includes natural gas processing, transportation, storage and natural gas marketing. Power segment includes power generation assets, power purchase agreements for power supply, and sale of power to Commercial and Industrial (C&I) customers. Power segment also includes approximately 1,285 megawatts (MW) of power generation capacity from gas-fired, coal fired, wind, biomass and run-of-river assets, along with an additional 81 MW of assets under construction. Utilities segment includes regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States.

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