Veresen Inc (VSN) Price Target Raised to C$14.00 at National Bank Financial
Veresen Inc (TSE:VSN) had its target price lifted by National Bank Financial from C$12.00 to C$14.00 in a report released on Wednesday morning. They currently have a sector perform rating on the stock.
A number of other equities research analysts also recently issued reports on the company. Raymond James Financial Inc. increased their price target on Veresen from C$10.50 to C$13.00 in a research report on Wednesday. BMO Capital Markets increased their price target on Veresen from C$10.00 to C$11.00 and gave the stock a market perform rating in a research report on Wednesday. Scotiabank reissued a sector perform rating and set a C$12.00 price target on shares of Veresen in a research report on Wednesday. Royal Bank Of Canada reissued an outperform rating and set a C$14.00 price target on shares of Veresen in a research report on Wednesday. Finally, Citigroup Inc. increased their price target 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. One equities 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 company. The stock presently has an average rating of Hold and a consensus price target of C$12.91.
Veresen (TSE:VSN) opened at 12.98 on Wednesday. The firm has a 50-day moving average price of $12.78 and a 200 day moving average price of $10.64. The company has a market cap of $4.05 billion and a P/E ratio of 102.20. Veresen has a 12 month low of $6.65 and a 12 month high of $13.49.
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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