Veresen Inc (VSN) Receives Outperform Rating from Royal Bank Of Canada
Other research analysts have also recently issued reports about the company. National Bank Financial reduced their price objective on Veresen from C$10.50 to C$9.50 in a research report on Monday, July 18th. BMO Capital Markets increased their price target on Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. CIBC increased their price target on Veresen from C$13.50 to C$14.00 in a research report on Thursday, August 4th. RBC Capital Markets increased their price target on Veresen from C$12.00 to C$14.00 in a research report on Saturday, August 6th. Finally, Citigroup Inc. increased their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Veresen 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’s 50 day moving average price is $12.78 and its 200 day moving average price is $10.64. The firm has a market cap of $4.05 billion and a price-to-earnings ratio of 102.20.
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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