Veresen Inc (VSN) Earns “Outperform” Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their outperform rating on shares of Veresen Inc (TSE:VSN) in a research note released on Wednesday morning, StockTargetPrices.com reports. They currently have a C$14.00 target price on the stock.
Several other equities research analysts have also commented on VSN. BMO Capital Markets upped their price objective on Veresen from C$6.00 to C$7.50 in a research note on Thursday, July 7th. National Bank Financial reduced their price objective on Veresen from C$10.50 to C$9.50 in a research note on Monday, July 18th. CIBC upped their price objective on Veresen from C$13.50 to C$14.00 in a research note on Thursday, August 4th. Scotiabank reiterated a sector perform rating and issued a C$11.00 price target on shares of Veresen in a research note on Thursday, August 4th. Finally, Canaccord Genuity increased their price target on Veresen from C$9.00 to C$11.00 and gave the stock a sell rating in a research note on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$12.91.
Shares of Veresen (TSE:VSN) opened at 13.40 on Wednesday. The firm’s 50-day moving average price is $12.83 and its 200 day moving average price is $10.70. Veresen has a 52 week low of $6.65 and a 52 week high of $13.52. The company has a market cap of $4.18 billion and a price-to-earnings ratio of 105.51.
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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