TD Securities Cuts Valener (VNR) Price Target to C$22.00
Valener (TSE:VNR) had its target price dropped by equities research analysts at TD Securities from C$23.00 to C$22.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 8.75% from the stock’s current price.
A number of other research firms have also commented on VNR. National Bank Financial raised their price objective on shares of Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Monday, November 27th. BMO Capital Markets restated a “market perform” rating and issued a C$23.50 price objective on shares of Valener in a research report on Monday, November 27th. Finally, Royal Bank of Canada cut their price objective on shares of Valener from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Monday.
Valener (VNR) opened at C$20.23 on Tuesday. The firm has a market cap of $800.35, a PE ratio of 14.45 and a beta of 0.02. Valener has a 12 month low of C$20.20 and a 12 month high of C$23.28.
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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