Veresen Inc (TSE:VSN) had its target price boosted by analysts at BMO Capital Markets from C$10.00 to C$11.00 in a research note issued to investors on Wednesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential downside of 15.84% from the stock’s current price.
Several other research analysts have also issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a C$12.00 price target on shares of Veresen in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$14.00 price target on shares of Veresen in a report on Wednesday. Citigroup Inc. increased their price target on Veresen from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. RBC Capital Markets increased their price target on Veresen from C$12.00 to C$14.00 in a report on Saturday, August 6th. Finally, Desjardins lowered Veresen from a “buy” rating to a “hold” rating and set a C$13.00 price target on the stock. in a report on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$12.91.
Shares of Veresen (TSE:VSN) opened at 13.07 on Wednesday. The firm’s 50-day moving average price is $12.80 and its 200-day moving average price is $10.66. Veresen has a 12 month low of $6.65 and a 12 month high of $13.49. The company has a market cap of $4.08 billion and a PE ratio of 102.91.
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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