Veresen Inc (TSE:VSN) PT Raised to C$18.50
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.
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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.
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