Veresen Inc (TSE:VSN) had its price objective hoisted by TD Securities from C$11.00 to C$18.50 in a research note released on Wednesday, July 5th. TD Securities currently has a tender rating on the stock.

Several other brokerages have also weighed in on VSN. Scotiabank reissued an outperform rating and set a C$16.00 target price on shares of Veresen in a research report on Tuesday, March 14th. BMO Capital Markets raised their target price on Veresen from C$14.00 to C$18.65 and gave the stock a market perform rating in a research report on Wednesday, May 3rd. National Bank Financial downgraded Veresen from an outperform rating to a tender rating and raised their price target for the stock from C$18.00 to C$20.50 in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. lifted their price objective on Veresen from C$16.00 to C$20.00 and gave the company a market perform rating in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada downgraded Veresen from an outperform rating to a sector perform rating and upped their target price for the stock from C$16.00 to C$18.65 in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$16.75.

Shares of Veresen (TSE:VSN) traded up 0.60% during mid-day trading on Wednesday, reaching $18.31. 641,005 shares of the company’s stock traded hands. The stock has a market cap of $5.74 billion and a price-to-earnings ratio of 286.09. The firm’s 50 day moving average price is $18.45 and its 200-day moving average price is $15.27. Veresen has a 12-month low of $10.51 and a 12-month high of $18.76.

ILLEGAL ACTIVITY WARNING: “Veresen Inc (TSE:VSN) PT Raised to C$18.50” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/07/15/veresen-inc-tsevsn-downgraded-to-tender-at-td-securities-updated.html.

Veresen Company Profile

Veresen Inc is an energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.

Analyst Recommendations for Veresen (TSE:VSN)

Receive News & Stock Ratings for Veresen Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veresen Inc and related stocks with our FREE daily email newsletter.