Valener Inc (TSE:VNR) had its target price cut by equities researchers at TD Securities from C$23.00 to C$22.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 6.43% from the stock’s previous close.

Other analysts have also issued reports about the company. Desjardins lifted their price target on Valener from C$22.00 to C$22.50 and gave the stock a “hold” rating in a research note on Thursday, August 18th. BMO Capital Markets lowered their price target on Valener from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a research note on Friday, August 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$24.00 price target on shares of Valener in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of C$22.50.

Analyst Recommendations for Valener (TSE:VNR)

Shares of Valener (TSE:VNR) traded up 0.97% during trading on Friday, reaching $20.87. The company’s stock had a trading volume of 40,321 shares. The company has a market capitalization of $806.27 million and a PE ratio of 14.71. Valener has a 1-year low of $16.81 and a 1-year high of $23.27. The stock has a 50 day moving average of $20.63 and a 200-day moving average of $21.74.

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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). 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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