Separately, Royal Bank of Canada reiterated a sector perform rating and issued a C$24.00 target price on shares of Valener in a research note on Thursday, February 9th. Five research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average target price of C$22.60.
Shares of Valener (TSE:VNR) opened at 22.46 on Friday. The firm has a market cap of $870.37 million and a PE ratio of 18.95. The firm has a 50 day moving average price of $21.92 and a 200-day moving average price of $21.10. Valener has a 12 month low of $18.76 and a 12 month high of $23.27.
Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.
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