Valener Inc (TSE:VNR) – Investment analysts at Desjardins upped their FY2017 earnings per share estimates for Valener in a research report issued on Friday. Desjardins analyst B. Cabel now expects that the firm will post earnings of $1.31 per share for the year, up from their previous estimate of $1.27. Desjardins has a “Hold” rating and a $22.50 price objective on the stock.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Valener Inc Lifted by Desjardins (VNR)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was stolen and republished in violation of US & international trademark and copyright laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/fy2017-eps-estimates-for-valener-inc-lifted-by-desjardins-vnr.html.

Earnings History and Estimates for Valener (TSE:VNR)

Other research analysts have also recently issued reports about the stock. TD Securities cut their price target on shares of Valener from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of Valener from C$23.00 to C$22.00 and set a “market perform” rating for the company in a report on Friday, August 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$24.00 target price on shares of Valener in a report on Friday. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of C$22.50.

Valener (TSE:VNR) opened at 21.00 on Monday. The company has a 50-day moving average price of $20.62 and a 200-day moving average price of $21.73. Valener has a 12-month low of $16.81 and a 12-month high of $23.27. The firm has a market capitalization of $811.29 million and a PE ratio of 14.80.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Valener Inc Lifted by Desjardins (VNR)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was stolen and republished in violation of US & international trademark and copyright laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/fy2017-eps-estimates-for-valener-inc-lifted-by-desjardins-vnr.html.

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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