A statement released earlier today by BMO Capital Markets about Veresen Inc. (TSE:VSN) bumps the target price to $11.00
- Updated: October 2, 2016
Boasting a price of $12.91, Veresen Inc. (TSE:VSN) traded 2.52% higher on the day. With the last close up 25.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $12.83 and a two hundred day average of $10.70. Trade Volume was up over the average, with 1,707,663 shares of VSN changing hands over the typical 990,495
BMO Capital Markets upped the price target of Veresen Inc. (TSE:VSN) to $11.00 reporting a possible downside of -0.15%.
On 8/04/2016, BMO Capital Markets released a statement about Veresen Inc. (TSE:VSN) upped the target price from $7.50 to $10.00 that suggested a downside of -0.18%.
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Veresen Inc. has a 52 week low of $6.65 and a 52 week high of $13.53 with a PE ratio of 105.51 Veresen Inc.’s market cap is currently $0.
In addition to BMO Capital Markets reporting its target price, a total of 14 brokers have issued a research note on the stock. The consensus target price is $9.89 with 1 firm rating the stock a strong buy, six brokerages rating the stock a buy, five analysts rating the company a hold, 1 equity analyst rating the company a underperform, and lastly 1 firm rating the company a sell.
More About Veresen Inc. (TSE:VSN)
Veresen Inc. (Veresen) is an energy infrastructure company. The Company's segments include Pipelines, Midstream, Power and Corporate. Its pipeline business consists of interests in over two pipeline systems: the Alliance Pipeline, which is over 3,000 kilometers dense phase pipeline delivering natural gas and midstreams from Western Canada to the Midwest United States, and the Alberta Ethane Gathering System, an ethane pipeline system. Its pipeline business also includes Ruby Pipeline system, which is over 680 mile natural gas transmission system extending westward from the Opal hub in Wyoming to the Malin hub in Oregon. Its midstream business includes an interest in Aux Sable, an extraction facility near Chicago, Illinois, which owns Hythe/Steeprock gas gathering and processing complex, and other natural gas and natural gas liquids (NGLs) processing energy infrastructure. Its power business is focused on over four areas: gas-fired, renewable, district energy and waste heat.
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