Valener (TSE:VNR) had its price target dropped by stock analysts at Royal Bank of Canada from C$24.00 to C$23.00 in a note issued to investors on Monday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 11.92% from the stock’s current price.

Several other equities analysts also recently weighed in on VNR. BMO Capital Markets reduced their price target on Valener from C$23.50 to C$23.00 in a report on Tuesday, February 6th. National Bank Financial raised their price target on Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Monday, November 27th.

Valener (VNR) opened at C$20.55 on Monday. Valener has a twelve month low of C$20.51 and a twelve month high of C$23.28. The firm has a market capitalization of $800.35, a price-to-earnings ratio of 14.68 and a beta of 0.02.

Valener (TSE:VNR) last issued its quarterly earnings results on Friday, November 24th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.02). Valener had a negative net margin of 1,072.14% and a negative return on equity of 1.66%. The company had revenue of C($4.39) million for the quarter.

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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), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

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