Valener Inc (TSE:VNR) – National Bank Financial raised their FY2017 earnings estimates for shares of Valener in a research report issued to clients and investors on Thursday. National Bank Financial analyst P. Kenny now forecasts that the firm will earn $1.38 per share for the year, up from their prior estimate of $1.31.

A number of other analysts have also weighed in on the company. TD Securities cut their price objective on Valener from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research report on Friday, November 25th. BMO Capital Markets upped their price objective on Valener from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Friday, November 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$24.00 price objective on shares of Valener in a research report on Friday, November 25th. Finally, Desjardins upped their price objective on Valener from C$22.00 to C$22.50 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of C$22.50.

Earnings History and Estimates for Valener (TSE:VNR)

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Shares of Valener (TSE:VNR) opened at 21.04 on Monday. Valener has a 12 month low of $17.26 and a 12 month high of $23.27. The firm’s 50-day moving average price is $20.62 and its 200-day moving average price is $21.72. The firm has a market cap of $812.84 million and a PE ratio of 14.83.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Financial Market News and is owned by of Financial Market News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The original version of this piece of content can be read at http://www.financial-market-news.com/fy2017-eps-estimates-for-valener-inc-vnr-raised-by-analyst/1210567/.

Valener Company Profile

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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