Veresen Inc (VSN) Price Target Increased to C$13.00 by Analysts at Scotiabank
VSN has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$14.00 target price on shares of Veresen in a report on Wednesday, September 28th. BMO Capital Markets raised their target price on Veresen from C$6.00 to C$7.50 in a report on Thursday, July 7th. National Bank Financial lowered their target price on Veresen from C$10.50 to C$9.50 in a report on Monday, July 18th. RBC Capital Markets lifted their price objective on Veresen from C$12.00 to C$14.00 in a report on Saturday, August 6th. Finally, Raymond James Financial Inc. lifted their price objective on Veresen from C$10.50 to C$13.00 in a report on Wednesday, September 28th. 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 stock currently has a consensus rating of Hold and an average target price of C$13.00.
Veresen (TSE:VSN) opened at 13.30 on Tuesday. The stock’s 50 day moving average price is $12.89 and its 200-day moving average price is $10.80. Veresen has a one year low of $6.65 and a one year high of $13.53. The firm has a market capitalization of $4.15 billion and a price-to-earnings ratio of 104.72.
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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