Veresen Inc (TSE:VSN) had its price target upped by research analysts at National Bank Financial from C$12.00 to C$14.00 in a report issued on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 7.12% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Raymond James Financial Inc. boosted their target price on shares of Veresen from C$10.50 to C$13.00 in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Veresen from C$10.00 to C$11.00 and gave the company a “market perform” rating in a report on Wednesday. Scotiabank restated a “sector perform” rating and issued a C$12.00 target price on shares of Veresen in a report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a C$14.00 target price on shares of Veresen in a report on Wednesday. Finally, Citigroup Inc. boosted their target price on shares of Veresen from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$12.91.
Veresen (TSE:VSN) opened at 13.07 on Wednesday. The firm has a market capitalization of $4.08 billion and a price-to-earnings ratio of 102.91. Veresen has a one year low of $6.65 and a one year high of $13.49. The stock has a 50 day moving average of $12.80 and a 200 day moving average of $10.66.
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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