ACI has been the topic of a number of other reports. Industrial Alliance Securities upgraded AltaGas Canada from a hold rating to a buy rating and boosted their price objective for the company from C$18.00 to C$24.00 in a research note on Monday, June 3rd. Beacon Securities reiterated a buy rating and set a C$27.00 price objective on shares of AltaGas Canada in a research note on Monday, June 10th. Finally, Royal Bank of Canada decreased their price objective on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating on the stock in a research note on Thursday, June 20th.
TSE:ACI opened at C$25.31 on Thursday. The company has a debt-to-equity ratio of 103.88, a quick ratio of 0.91 and a current ratio of 1.05. AltaGas Canada has a 52-week low of C$14.06 and a 52-week high of C$25.54. The company has a market cap of $759.30 million and a price-to-earnings ratio of 17.14. The company’s fifty day moving average is C$23.84.
AltaGas Canada Company Profile
AltaGas Canada Inc, a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia. It operates in Renewable Energy and Utilities segments. The company also holds interest in the Bear Mountain Wind Park, a 102 MW generating wind facility consisting of 34 turbines, a substation, and transmission and collector lines; and the northwest hydro facilities located in Tahltan first nation territory of Vancouver, British Columbia.
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