Veresen Inc (TSE:VSN) had its target price upped by stock analysts at Scotiabank from C$12.00 to C$13.00 in a research report issued on Tuesday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential downside of 2.62% from the company’s previous close.
Several other brokerages also recently commented on VSN. BMO Capital Markets decreased their price objective on shares of Veresen from C$10.00 to C$7.50 and set a “market perform” rating on the stock in a research report on Thursday, August 4th. Citigroup Inc. raised their price objective on shares of Veresen from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and set a C$14.00 price objective on shares of Veresen in a research report on Wednesday, September 28th. National Bank Financial decreased their price objective on shares of Veresen from C$10.50 to C$9.50 in a research report on Monday, July 18th. Finally, Desjardins downgraded shares of Veresen from a “buy” rating to a “hold” rating and set a C$13.00 price objective on the stock. in a research report on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$13.00.
Shares of Veresen (TSE:VSN) opened at 13.35 on Tuesday. Veresen has a 12-month low of $6.65 and a 12-month high of $13.53. The stock’s 50 day moving average is $12.92 and its 200-day moving average is $10.82. The stock has a market capitalization of $4.17 billion and a price-to-earnings ratio of 105.12.
Veresen Company Profile
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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