Veresen Inc (VSN) Given New C$13.00 Price Target at Raymond James Financial Inc.
Veresen Inc (TSE:VSN) had its price objective upped by investment analysts at Raymond James Financial Inc. from C$10.50 to C$13.00 in a research report issued on Wednesday. Raymond James Financial Inc.’s price target would suggest a potential upside of 0.70% from the company’s current price.
Other equities analysts also recently issued reports about the stock. National Bank Financial decreased their price target on shares of Veresen from C$10.50 to C$9.50 in a research note on Monday, July 18th. BMO Capital Markets upped their price objective on shares of Veresen from C$6.00 to C$7.50 in a report on Thursday, July 7th. CIBC upped their price objective on shares of Veresen from C$13.50 to C$14.00 in a report on Thursday, August 4th. RBC Capital Markets upped their price objective on shares of Veresen from C$12.00 to C$14.00 in a report on Saturday, August 6th. Finally, Citigroup Inc. upped their price objective on shares of Veresen from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$12.91.
Veresen (TSE:VSN) traded up 0.65% during midday trading on Wednesday, hitting $12.91. 492,787 shares of the company were exchanged. The stock has a market capitalization of $4.03 billion and a price-to-earnings ratio of 101.65. Veresen has a 1-year low of $6.65 and a 1-year high of $13.49. The stock has a 50 day moving average of $12.76 and a 200-day moving average of $10.63.
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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