Valener (VNR) Given New C$22.00 Price Target at Royal Bank of Canada

Valener (TSE:VNR) had its price target upped by Royal Bank of Canada from C$21.00 to C$22.00 in a research note published on Monday morning. They currently have a sector perform rating on the stock.

Separately, BMO Capital Markets boosted their price objective on Valener from C$21.00 to C$22.00 in a research note on Monday.

Valener stock opened at C$22.03 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 10.44. The firm has a market capitalization of $860.39 million and a price-to-earnings ratio of 14.28. Valener has a 52 week low of C$18.10 and a 52 week high of C$22.28.

Valener (TSE:VNR) last posted its quarterly earnings data on Friday, November 23rd. The company reported C($0.01) EPS for the quarter, topping analysts’ consensus estimates of C($0.11) by C$0.10. The business had revenue of C($1.30) million during the quarter. Research analysts anticipate that Valener will post 1.41999986334999 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Friday, March 29th. Valener’s dividend payout ratio is currently 77.77%.

Valener Company Profile

Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.

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