Veresen Inc (VSN) Receives Sector Perform Rating from Scotiabank
Scotiabank reiterated their sector perform rating on shares of Veresen Inc (TSE:VSN) in a research report report published on Wednesday morning. They currently have a C$12.00 target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. National Bank Financial reduced their price target on shares of Veresen from C$10.50 to C$9.50 in a research report on Monday, July 18th. BMO Capital Markets boosted their price target on shares of Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. CIBC lifted their price objective on shares of Veresen from C$13.50 to C$14.00 in a research note on Thursday, August 4th. RBC Capital Markets lifted their price objective on shares of Veresen from C$12.00 to C$14.00 in a research note on Saturday, August 6th. Finally, Citigroup Inc. lifted their price objective on shares of Veresen from C$13.00 to C$15.00 and gave the stock a buy rating in a research note 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 issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$12.91.
Veresen (TSE:VSN) opened at 12.98 on Wednesday. The stock has a market capitalization of $4.05 billion and a PE ratio of 102.20. Veresen has a 1-year low of $6.65 and a 1-year high of $13.49. The firm has a 50-day moving average of $12.78 and a 200-day moving average of $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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