Shares of Veresen Inc (TSE:VSN) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$16.75.

VSN has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. upped their target price on Veresen from C$16.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 2nd. National Bank Financial cut Veresen from an “outperform” rating to a “tender” rating and upped their target price for the stock from C$18.00 to C$20.50 in a research report on Tuesday, May 2nd. Royal Bank Of Canada cut Veresen from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$16.00 to C$18.65 in a research report on Wednesday, May 3rd. BMO Capital Markets upped their target price on Veresen from C$14.00 to C$18.65 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. Finally, TD Securities increased their price objective on Veresen from C$11.00 to C$18.50 and gave the company a “tender” rating in a research report on Wednesday, July 5th.

Shares of Veresen (TSE VSN) traded down 0.11% during mid-day trading on Monday, hitting $18.43. 169,302 shares of the company were exchanged. Veresen has a 12-month low of $10.51 and a 12-month high of $18.76. The stock’s 50-day moving average price is $18.38 and its 200 day moving average price is $15.83. The stock has a market cap of $5.78 billion and a PE ratio of 287.97.

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Tuesday, July 25th will be paid a $0.083 dividend. The ex-dividend date of this dividend is Friday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.40%.

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Veresen Company Profile

Veresen Inc is a Canada-based energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.

Analyst Recommendations for Veresen (TSE:VSN)

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