Veresen Inc (VSN) Receives Consensus Recommendation of “Hold” from Analysts
Veresen Inc (TSE:VSN) has earned an average rating of “Hold” from the ten analysts that are presently covering the stock. One 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 price objective among analysts that have covered the stock in the last year is C$16.58.
VSN has been the topic of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating and set a C$16.00 price target on shares of Veresen in a research report on Tuesday, March 14th. National Bank Financial upped their price target on shares of Veresen from C$15.00 to C$17.00 in a research report on Wednesday, January 25th. Desjardins upped their price target on shares of Veresen from C$13.00 to C$14.00 and gave the company a “hold” rating in a research report on Wednesday, February 22nd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$14.00 price target on shares of Veresen in a research report on Tuesday, February 21st. Finally, BMO Capital Markets upped their price target on shares of Veresen from C$14.00 to C$18.65 and gave the company a “market perform” rating in a research report on Wednesday, May 3rd.
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Shares of Veresen (TSE:VSN) opened at 18.52 on Monday. Veresen has a 52 week low of $8.71 and a 52 week high of $18.54. The company’s 50-day moving average price is $15.40 and its 200 day moving average price is $13.62.
Veresen Inc is an 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.
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