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Research analysts at GMP Securities initiated coverage on shares of Veresen (TSE:VSN) in a report released on Monday, Analyst Ratings News reports. The firm set a “hold” rating on the stock.

Shares of Veresen (TSE:VSN) traded down 1.88% during mid-day trading on Monday, hitting $15.98. The stock had a trading volume of 360,777 shares. Veresen has a 52-week low of $11.37 and a 52-week high of $16.98. The stock has a 50-day moving average of $16.42 and a 200-day moving average of $14.81. The company has a P/E ratio of 60.32.

The company also recently announced a apr 14 dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.0833 per share. The ex-dividend date is Monday, April 28th.

A number of other analysts have also recently weighed in on VSN. Analysts at FirstEnergy Capital raised their price target on shares of Veresen from C$15.00 to C$15.75 in a research note on Monday, April 7th. They now have a “market perform” rating on the stock. Separately, analysts at National Bank Financial reiterated a “sector perform” rating on shares of Veresen in a research note on Friday, April 4th. Finally, analysts at Scotiabank downgraded shares of Veresen to a “sector perform” rating in a research note on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$16.39.

Veresen Inc is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses.

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