Veresen Inc (VSN) Price Target Increased to C$11.00 by Analysts at BMO Capital Markets
Veresen Inc (TSE:VSN) had its target price raised by BMO Capital Markets from C$10.00 to C$11.00 in a report issued on Wednesday morning. BMO Capital Markets currently has a market perform rating on the stock.
Other research analysts have also issued research reports about the company. Scotiabank reiterated a sector perform rating and set a C$12.00 target price on shares of Veresen in a research report on Wednesday. Royal Bank Of Canada reiterated an outperform rating and set a C$14.00 target price on shares of Veresen in a research report on Wednesday. Citigroup Inc. increased their target price on Veresen from C$13.00 to C$15.00 and gave the company a buy rating in a research report on Tuesday, August 9th. RBC Capital Markets increased their target price on Veresen from C$12.00 to C$14.00 in a research report on Saturday, August 6th. Finally, Desjardins lowered Veresen from a buy rating to a hold rating and set a C$13.00 target price on the stock. in a research report on Saturday, August 6th. One research 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 currently 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. Veresen has a one year low of $6.65 and a one year high of $13.49. The stock has a market cap of $4.05 billion and a P/E ratio of 102.20. The stock’s 50 day moving average is $12.78 and its 200-day moving average is $10.64.
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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