Valener Inc (TSE:VNR) had its target price boosted by equities research analysts at BMO Capital Markets from C$21.00 to C$22.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 6.43% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada restated a “sector perform” rating and issued a C$24.00 price objective on shares of Valener in a research note on Friday. Desjardins restated a “hold” rating and issued a C$22.50 price objective (up from C$22.00) on shares of Valener in a research note on Friday, August 12th. Finally, TD Securities raised their price objective on Valener from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of C$22.50.

Analyst Recommendations for Valener (TSE:VNR)

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

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About Valener

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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