Veresen Inc (TSE:VSN) Given Average Rating of “Hold” by Brokerages
Veresen Inc (TSE:VSN) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$13.00.
Several research analysts have recently weighed in on VSN shares. Royal Bank Of Canada restated an “outperform” rating and issued a C$14.00 price target on shares of Veresen in a research note on Wednesday, September 28th. BMO Capital Markets upped their price objective on Veresen from C$6.00 to C$7.50 in a research report on Thursday, July 7th. 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. Scotiabank reiterated a “sector perform” rating and set a C$12.00 price objective on shares of Veresen in a research report on Wednesday, September 28th. Finally, RBC Capital Markets upped their price objective on Veresen from C$12.00 to C$14.00 in a research report on Saturday, August 6th.
Shares of Veresen (TSE:VSN) traded down 0.97% during mid-day trading on Tuesday, hitting $13.24. The stock had a trading volume of 449,539 shares. The company has a market cap of $4.13 billion and a PE ratio of 104.25. Veresen has a 12 month low of $6.65 and a 12 month high of $13.53. The stock’s 50-day moving average is $12.86 and its 200 day moving average is $10.77.
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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