A statement released earlier today by Raymond James about Veresen Inc. (TSE:VSN) bumps the target price to $13.00
- Updated: October 2, 2016
Raymond James bumped up the target of Veresen Inc. (TSE:VSN) to $13.00 stating a potential upside of 0.01%.
On Thursday August 04, 2016, BMO Capital Markets released a statement for Veresen Inc. (TSE:VSN) bumped up the target price from $7.50 to $10.00 that suggested a downside of -0.18%.
Boasting a price of $12.91, Veresen Inc. (TSE:VSN) traded 2.52% higher on the day. With the last stock price close up 25.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Veresen Inc. has recorded a 50-day average of $12.83 and a two hundred day average of $10.70. Volume of trade was up over the average, with 1,707,663 shares of VSN changing hands over the typical 990,495
With a total market value of $0, Veresen Inc. has PE ratio of 105.51 with a 52 week low of $6.65 and a 52 week high of $13.53 .
In addition to Raymond James reporting its stock price target, a total of 14 brokerages have issued a research note on the company. The average stock price target is $9.89 with 1 brokerage rating the stock a strong buy, 6 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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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