Several other brokerages also recently issued reports on VSN. Scotiabank reiterated a sector perform rating and set a C$12.00 price objective on shares of Veresen in a research report on Wednesday, September 28th. Royal Bank Of Canada reiterated an outperform rating and set a C$14.00 price objective on shares of Veresen in a research report on Wednesday, September 28th. BMO Capital Markets upped their target price on Veresen from C$10.00 to C$11.00 and gave the stock a market perform rating in a research report on Wednesday, September 28th. Citigroup Inc. upped their target price on Veresen from C$13.00 to C$15.00 and gave the stock a buy rating in a research report on Tuesday, August 9th. Finally, RBC Capital Markets upped their target price on Veresen from C$12.00 to C$14.00 in a research report on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$12.91.
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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