Valener Inc (VNR) Stock Rating Reaffirmed by Royal Bank Of Canada
Valener Inc (TSE:VNR)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a C$24.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 14.29% from the stock’s previous close.
Several other brokerages also recently weighed in on VNR. BMO Capital Markets cut 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 research note on Friday, August 12th. Desjardins boosted their target price on shares of Valener from C$22.00 to C$22.50 and gave the company a “hold” rating in a research note on Thursday, August 18th. Finally, TD Securities boosted their target price on shares of Valener from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Six research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of C$19.08.
Shares of Valener (TSE:VNR) opened at 21.10 on Friday. The firm has a market cap of $815.16 million and a PE ratio of 14.87. Valener has a 12 month low of $17.26 and a 12 month high of $23.27. The stock’s 50 day moving average is $20.62 and its 200 day moving average is $21.72.
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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