A statement released earlier today by CIBC World Markets about Veresen Inc (TSE:VSN) bumps the target price to $16.00
- Updated: February 11, 2017
CIBC World Markets bumped up the target of Veresen Inc (TSE:VSN) to $16.00 stating a potential upside of 0.15%.
On 1/25/2017, National Bank Financial released a statement for Veresen Inc (TSE:VSN) bumped up the target price from $15.00 to $17.00 that suggested an upside of 0.23%.
Boasting a price of $13.86, Veresen Inc (TSE:VSN) traded 1.52% higher on the day. With the last stock price close up 10.31% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Veresen Inc has recorded a 50-day average of $13.29 and a two hundred day average of $12.75. Volume of trade was down over the average, with 700,397 shares of VSN changing hands under the typical 997,016
With a total market value of $0, Veresen Inc has price-earnings ratio of 87.33 with a one year low of $6.82 and a one year high of $14.13 .
A total of 15 equity analysts have released a research note on VSN. One equity analyst rating the company a strong buy, eight equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.43.
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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