BMO Capital Markets Boosts Valener Inc (VNR) Price Target to C$22.00
Valener Inc (TSE:VNR) had its price target hoisted by BMO Capital Markets from C$21.00 to C$22.00 in a research report report published on Friday. BMO Capital Markets currently has a market perform rating on the stock.
A number of other equities research analysts also recently weighed in on VNR. Desjardins reiterated a hold rating and issued a C$22.50 price target (up from C$22.00) on shares of Valener in a report on Friday, August 12th. TD Securities upped their price objective on Valener from C$21.00 to C$23.00 and gave the stock a hold rating in a research note on Friday, August 12th. Finally, Royal Bank Of Canada restated a sector perform rating and set a C$24.00 price objective on shares of Valener in a research note on Friday, November 25th. Five analysts have rated the stock with a hold rating, Valener currently has an average rating of Hold and an average price target of C$22.50.
Shares of Valener (TSE:VNR) opened at 21.04 on Friday. Valener has a 12-month low of $17.26 and a 12-month high of $23.27. The firm has a 50-day moving average price of $20.62 and a 200-day moving average price of $21.72. The firm has a market cap of $812.84 million and a P/E ratio of 14.83.
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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