Veresen Inc (TSE:VSN) Has Just Had Its Target Price Decreased by Equity Research Analysts at Canaccord Genuity to $12.50

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Analysis: Veresen Inc (TSE:VSN) Stock Target Raised Today

In an interesting research report issued to clients and investors by Canaccord Genuity on Tuesday morning, the firm, Veresen Inc (TSE:VSN), had their Estimated Target Price lowered to $12.50. Analusts at present have a solid “Buy” 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 1.04M 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 Target Price Decreased by Equity Research Analysts at Canaccord Genuity to $12.50

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.

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