A statement released earlier today by RBC Capital Markets about Veresen Inc. (TSE:VSN) bumps the target price to $14.00
- Updated: October 2, 2016
RBC Capital Markets bumped up the target of Veresen Inc. (TSE:VSN) to $14.00 stating a potential upside of 0.09%.
On 8/04/2016, 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 $12.85, 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
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Veresen Inc. has a 52 week low of $6.65 and a 52 week high of $13.53 with a P/E ratio of 105.51 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $9.89 with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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