Royal Bank Of Canada reiterated their outperform rating on shares of Veresen Inc (TSE:VSN) in a research note published on Wednesday morning, StockTargetPrices.com reports. They currently have a C$14.00 target price on the stock.
A number of other brokerages have also recently weighed in on VSN. Citigroup Inc. lifted their target price on Veresen from C$13.00 to C$15.00 and gave the company a buy rating in a report on Tuesday, August 9th. RBC Capital Markets lifted their target price on Veresen from C$12.00 to C$14.00 in a report on Saturday, August 6th. Desjardins cut Veresen from a buy rating to a hold rating and set a C$13.00 target price on the stock. in a report on Saturday, August 6th. Canaccord Genuity lifted their target price on Veresen from C$9.00 to C$11.00 and gave the company a sell rating in a report on Saturday, August 6th. Finally, BMO Capital Markets raised their price objective on Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$12.91.
Shares of Veresen (TSE:VSN) opened at 13.37 on Wednesday. The company has a 50 day moving average price of $12.86 and a 200 day moving average price of $10.77. The stock has a market cap of $4.17 billion and a P/E ratio of 105.28. Veresen has a 12-month low of $6.65 and a 12-month high of $13.53.
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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