Veresen Inc (TSE:VSN) had its price target hoisted by National Bank Financial from C$12.00 to C$14.00 in a research report released on Wednesday. National Bank Financial currently has a sector perform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial Inc. boosted their target price on shares of Veresen from C$10.50 to C$13.00 in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Veresen from C$6.00 to C$7.50 in a report on Thursday, July 7th. CIBC boosted their target price on shares of Veresen from C$13.50 to C$14.00 in a report on Thursday, August 4th. RBC Capital Markets boosted their target price on shares of Veresen from C$12.00 to C$14.00 in a report on Saturday, August 6th. Finally, Citigroup Inc. boosted their target price on shares of Veresen from C$13.00 to C$15.00 and gave the company a buy rating in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average price target of C$12.91.
Shares of Veresen (TSE:VSN) opened at 12.98 on Wednesday. The company’s 50 day moving average price is $12.78 and its 200 day moving average price is $10.64. Veresen has a 12-month low of $6.65 and a 12-month high of $13.49. The firm has a market cap of $4.05 billion and a P/E ratio of 102.20.
Veresen Inc (Veresen) is an energy infrastructure company. The Company’s segments include Pipelines, Midstream, Power and Corporate. Its pipeline business consists of interests in over two pipeline systems: the Alliance Pipeline, which is over 3,000 kilometers dense phase pipeline delivering natural gas and midstreams from Western Canada to the Midwest United States, and the Alberta Ethane Gathering System, an ethane pipeline system.
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