A statement released today by Scotia Capital about Veresen Inc. (TSE:VSN) ups the target price to $12.00
- Updated: October 2, 2016
Displaying 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 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. VSN has recorded a 50-day moving average of $12.83 and a 200-day moving average of $10.70. 1,707,663 shares of Veresen Inc. exchanged hands, up from an avg. volume of 990,495
Scotia Capital upped the price target of Veresen Inc. (TSE:VSN) to $12.00 indicating a possible downside of -0.07%.
On Thursday August 04, 2016, BMO Capital Markets reported on Veresen Inc. (TSE:VSN) upped the target price from $7.50 to $10.00. At the time, this indicated a possible downside of -0.18%.
Veresen Inc. has 52 week low of $6.65 and a 52 week high of $13.53 with a P/E ratio of 105.51 and has a total market value of $0.
A total of 14 firms have released a research note on Veresen Inc.. One brokerage rating the stock a strong buy, 6 equity analysts rating the company a buy, five equity analysts rating the company a hold, one analyst rating the company a underperform, and finally one brokerage rating the stock a sell with a average stock price target of $9.89.
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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