Other analysts also recently issued reports about the company. BMO Capital Markets lifted their price target on Veresen from C$6.00 to C$7.50 in a research note on Thursday, July 7th. CIBC lifted their price target on Veresen from C$13.50 to C$14.00 in a research note on Thursday, August 4th. Canaccord Genuity lifted their price target on Veresen from C$9.00 to C$11.00 and gave the company a sell rating in a research note on Saturday, August 6th. RBC Capital Markets lifted their price target on Veresen from C$12.00 to C$14.00 in a research note on Saturday, August 6th. Finally, National Bank Financial decreased their price target on Veresen from C$10.50 to C$9.50 in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of C$12.91.
Veresen (TSE:VSN) opened at 12.98 on Wednesday. The firm has a 50-day moving average of $12.78 and a 200-day moving average of $10.64. The company has a market capitalization of $4.05 billion and a P/E ratio of 102.20. Veresen has a one year low of $6.65 and a one year high of $13.49.
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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