Analyst Price Target is C$37.90
▲ +11.73% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for AltaGas in the last 3 months. The average price target is C$37.90, with a high forecast of C$40.00 and a low forecast of C$34.00. The average price target represents a 11.73% upside from the last price of C$33.92.
Current Consensus is
Buy
The current consensus among 10 polled investment analysts is to buy stock in AltaGas. This rating has held steady since October 2023, when it changed from a Moderate Buy consensus 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 franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.
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