Brokerages Set Valener Inc (VNR) PT at $19.08
Shares of Valener Inc (TSE:VNR) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$22.50.
Several analysts recently issued reports on the stock. Desjardins restated a “hold” rating and issued a C$22.50 price objective (up from C$22.00) on shares of Valener in a report on Friday, August 12th. TD Securities boosted their price objective on shares of Valener from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, August 12th. BMO Capital Markets reduced their price objective on shares of Valener from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a report on Friday, August 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$24.00 price objective on shares of Valener in a report on Friday, November 25th.
Shares of Valener (TSE:VNR) opened at 20.84 on Monday. The stock has a 50 day moving average of $20.62 and a 200-day moving average of $21.72. The company has a market capitalization of $805.11 million and a PE ratio of 14.69. Valener has a 12-month low of $17.26 and a 12-month high of $23.27.
Valener Company Profile
Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro). The Company’s segments include Energy Distribution; Natural Gas Transportation; Energy Production; Energy Services, Storage and Other, and Corporate Affairs. Its Energy Distribution segment consists of natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont.
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