Valener Inc (TSE:VNR) had its target price raised by stock analysts at TD Securities from C$21.00 to C$22.00 in a note issued to investors on Friday, May 12th. The firm presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential downside of 3.85% from the stock’s current price.
Separately, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$24.00 target price on shares of Valener in a research report on Thursday, February 9th. Five equities research analysts have rated the stock with a hold rating, Valener presently has an average rating of “Hold” and an average target price of C$22.60.
Shares of Valener (TSE VNR) traded down 0.13% during trading on Friday, reaching $22.88. 52,396 shares of the company were exchanged. Valener has a 1-year low of $18.76 and a 1-year high of $23.23. The firm has a market capitalization of $888.02 million and a P/E ratio of 18.09. The firm’s 50 day moving average is $22.46 and its 200 day moving average is $21.49.
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Valener Company Profile
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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