Analyst Rating Update on AGL Resources (GAS)

AGL Resources (NYSE:GAS) : 5 analysts are covering AGL Resources (NYSE:GAS) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AGL Resources (NYSE:GAS) : The highest level AGL Resources (NYSE:GAS) is projected to reach is $66 for the short term and the lowest estimate is at $50. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $60.67 and the possibility the share price can swing is $9.24.

For this week, the average consensus of the company shares are rated as a Strong Buy.

AGL Resources (NYSE:GAS): The stock was completely flat for the day, closing at $66.01 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $65.96, the stock touched an intraday high of $66.01 and a low of $65.85. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $66.01. The total trading volume on Tuesday was 836,574.

In an insider trading activity, The Securities and Exchange Commission has divulged that Evans Andrew W, director officer (President & CEO) of Agl Resources Inc, had unloaded 9,084 shares at an average price of $66.17 in a transaction dated on May 9, 2016. The total value of the transaction was worth $601,088.

AGL Resources Inc. (AGL Resources) is an energy services holding company engaged in the distribution of natural gas. The Company operates in four operating segments: distribution operations, retail operations, wholesale services and midstream operations. The Companys distribution operations segment operates, constructs and maintains around 80,700 miles of natural gas pipeline and 14 storage facilities to provide natural gas to residential, commercial and industrial customers. The retail operations segment provides natural gas commodity and related services. The wholesale services segment is engaged in natural gas storage, gas pipeline arbitrage and provides natural gas asset management and related logistics services for its utilities, as well as for non-affiliated companies. Midstream operations segment consists of the operations of natural gas storage facilities and select pipelines.

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