Analysts Set Veresen Inc (VSN) PT at $13.15
Veresen Inc (TSE:VSN) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$13.15.
Several equities research analysts have recently commented on the stock. National Bank Financial raised shares of Veresen from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 2nd. CIBC boosted their target price on shares of Veresen from C$13.50 to C$14.00 in a research report on Thursday, August 4th. RBC Capital Markets boosted their target price on shares of Veresen from C$14.00 to C$15.00 in a research report on Thursday, November 3rd. Canaccord Genuity upped their price objective on shares of Veresen from C$9.00 to C$11.00 and gave the stock a “sell” rating in a research report on Saturday, August 6th. Finally, Raymond James Financial Inc. upped their price objective on shares of Veresen from C$10.50 to C$13.00 in a research report on Wednesday, September 28th.
Veresen (TSE:VSN) opened at 12.55 on Tuesday. Veresen has a one year low of $6.65 and a one year high of $13.78. The company has a market capitalization of $3.92 billion and a PE ratio of 98.82. The stock’s 50 day moving average is $12.99 and its 200 day moving average is $11.57.
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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