AltaGas Gets a Hold Rating from Desjardins

By Ryan Adsit

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. AltaGas (TSX: ALA) received a Hold rating from Desjardins’ analyst Justin Bouchard, with a C$31 price target.

According to, Bouchard is ranked #4246 out of 4743 analysts.

AltaGas has an analyst consensus of Moderate Buy, with a price target consensus of C$32.50.

The company has a one-year high of C$34.77 and a one-year low of C$26.87. Currently, AltaGas has an average volume of 520K.

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 company’s shares closed on Friday at C$29.08.