Veresen Inc (TSE:VSN) Has Just Had Its Price Target Decreased by Equity Research Analysts at National Bank Financial to $14.00

Share

Analysis: Veresen Inc (TSE:VSN) Upside Target Change Today

In an analyst note revealed to investors by National Bank Financial on 8 December, the firm, Veresen Inc (TSE:VSN), had their target price lowered to $14.00. Analusts right now have a solid Sector Perform rating on the stock.

From a total of 13 analysts covering Veresen Inc Com (TSE:VSN) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is $14.74 while the lowest target price is $7.37. The mean of all analyst targets is $11.61 with a 40.30% above today’s ($10.05) stock price. Veresen Inc Com was the topic of 15 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 8 with “Outperform” rating.

The stock decreased 0.79% or $0.08 on December 8, striking $10.05. Approximately 1.04 million shares of stock traded hands or 30.45% up from the average. Veresen Inc (TSE:VSN) has declined 43.54% since May 6, 2015 and is downtrending. It has underperformed by 42.74% the S&P500.

Veresen Inc (TSE:VSN) Has Just Had Its Price Target Decreased by Equity Research Analysts at National Bank Financial to $14.00

Veresen Inc. is a Canada-based company, which focuses on managing its pipeline transportation, midstream services, power generation and liquefied natural gas businesses. The company has a market cap of $2.97 billion. The Company’s pipeline business comprises Alliance Pipeline , Ruby Pipeline (50% convertible preferred ownership) and Alberta Ethane Gathering System (AEGS), which is wholly owned. It has 30.65 P/E ratio. Alliance owns and manages an integrated, high-pressure natural gas and natural gas liquids pipeline that extends approximately 3,000 kilometers across North America.

COMMENTS: