Shares of Veresen Inc (TSE:VSN) have received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$14.89.

A number of research firms recently issued reports on VSN. Royal Bank of Canada lifted their price target on shares of Veresen from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Desjardins lifted their price target on shares of Veresen from C$13.00 to C$14.00 and gave the company a “hold” rating in a research note on Wednesday, February 22nd. Scotiabank reissued an “outperform” rating and issued a C$16.00 price target on shares of Veresen in a research note on Wednesday, February 22nd. National Bank Financial lifted their price target on shares of Veresen from C$17.00 to C$18.00 in a research note on Wednesday, February 22nd. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$14.00 price target on shares of Veresen in a research note on Tuesday, February 21st.

Shares of Veresen (TSE:VSN) opened at 13.86 on Thursday. Veresen has a 52 week low of $8.15 and a 52 week high of $14.41. The stock has a 50 day moving average of $13.73 and a 200 day moving average of $13.05. The stock’s market cap is $4.35 billion.

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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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