Veresen Inc Stock Price Increases Today

 Veresen Inc Stock Price Increases Today

The stock of Veresen Inc (TSE:VSN) is a huge mover today! About 1.71M shares traded hands or 85.61% up from the average. Veresen Inc (TSE:VSN) has risen 39.25% since March 29, 2016 and is uptrending. It has outperformed by 36.73% the S&P500.
The move comes after 9 months positive chart setup for the $3.97B company. It was reported on Nov, 2 by Barchart.com. We have $21.12 PT which if reached, will make TSE:VSN worth $2.70B more.

Veresen Inc (TSE:VSN) Ratings Coverage

Out of 5 analysts covering Veresen Inc Com (TSE:VSN), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $20 is the highest target while $9 is the lowest. The $12.80 average target is 1.83% above today’s ($12.57) stock price. Veresen Inc Com has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by Scotia Capital given on Thursday, August 6. Canaccord Genuity upgraded the stock to “Buy” rating in Wednesday, August 12 report. The company was maintained on Wednesday, November 2 by RBC Capital Markets. The rating was upgraded by Scotia Capital on Wednesday, November 2 to “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, December 8. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 7. The stock of Veresen Inc (TSE:VSN) earned “Market Perform” rating by BMO Capital Markets on Thursday, February 4. The stock has “Outperform” rating given by National Bank Canada on Wednesday, November 2.

More recent Veresen Inc (TSE:VSN) news were published by: Business.Financialpost.com which released: “Veresen Inc to sell power division, faces pushback on West Coast LNG development” on August 04, 2016. Also Fool.ca published the news titled: “Veresen Inc. Investors Are Gambling on its 9.4% Dividend” on November 10, 2015. Business.Financialpost.com‘s news article titled: “Veresen Inc re-applies for LNG approvals in U.S. after securing pipeline …” with publication date: April 11, 2016 was also an interesting one.

Veresen Inc. is an energy infrastructure company. The company has a market cap of $3.97 billion. The Company’s divisions include Pipelines, Midstream, Power and Corporate. It has a 99.7 P/E ratio. The Company’s 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.

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