Several other equities analysts also recently commented on VSN. RBC Capital Markets increased their target price on Veresen from C$12.00 to C$14.00 in a research report on Saturday, August 6th. Canaccord Genuity increased their target price on Veresen from C$9.00 to C$11.00 and gave the company a sell rating in a research report on Saturday, August 6th. Desjardins downgraded Veresen from a buy rating to a hold rating and set a C$13.00 target price for the company. in a research report on Saturday, August 6th. National Bank Financial increased their target price on Veresen from C$12.00 to C$14.00 and gave the company a sector perform rating in a research report on Wednesday, September 28th. Finally, BMO Capital Markets raised their price objective on Veresen from C$10.00 to C$11.00 and gave the stock a market perform rating in a research report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of C$13.00.
Shares of Veresen (TSE:VSN) opened at 13.24 on Tuesday. Veresen has a one year low of $6.65 and a one year high of $13.53. The company has a market capitalization of $4.13 billion and a PE ratio of 104.25. The firm’s 50-day moving average price is $12.95 and its 200 day moving average price is $10.84.
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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