Veresen Receives Average Recommendation of “Hold” from Brokerages (TSE:VSN)
Veresen (TSE:VSN) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Analyst Ratings Network.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$17.91.
A number of analysts have recently weighed in on VSN shares. Analysts at National Bank Financial raised their price target on shares of Veresen from C$16.00 to C$17.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Veresen from C$17.50 to C$19.00 in a research note on Friday, August 8th. They now have a “hold” rating on the stock. Finally, analysts at NBF raised their price target on shares of Veresen from C$16.00 to C$17.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock.
Shares of Veresen (TSE:VSN) opened at 18.62 on Tuesday. Veresen has a 52 week low of $11.56 and a 52 week high of $19.80. The stock’s 50-day moving average is $18.90 and its 200-day moving average is $17.23. The company has a market cap of $4.108 billion and a P/E ratio of 52.83.
Veresen (TSE:VSN) last announced its earnings results on Friday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.03. On average, analysts predict that Veresen will post $0.14 earnings per share for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Tuesday, September 23rd. Stockholders of record on Friday, August 29th will be given a dividend of $0.0833 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
Veresen Inc is a Canadian corporation, which manages its pipeline transportation, midstream services, and power generation businesses.
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