Valener Inc (TSE:VNR) Price Target Raised to C$23.00
Valener Inc (TSE:VNR) had its target price upped by equities researchers at TD Securities from C$22.00 to C$23.00 in a research report issued on Thursday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 3.56% from the company’s current price.
Separately, National Bank Financial lifted their price target on Valener from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Monday, May 15th. Five research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of C$22.80.
Shares of Valener (TSE VNR) traded up 1.26% on Thursday, hitting $22.49. The company had a trading volume of 46,872 shares. Valener has a 52 week low of $18.76 and a 52 week high of $23.23. The company has a market capitalization of $872.88 million and a price-to-earnings ratio of 17.78. The stock’s 50-day moving average is $21.99 and its 200 day moving average is $21.77.
Valener Company Profile
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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