Veresen Inc (VSN) Receives Consensus Recommendation of “Hold” from Analysts
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%.
COPYRIGHT VIOLATION NOTICE: “Veresen Inc (VSN) Receives Consensus Recommendation of “Hold” from Analysts” was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.dailypolitical.com/2017/07/24/veresen-inc-vsn-receives-consensus-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for Veresen Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veresen Inc and related companies with MarketBeat.com's FREE daily email newsletter.