Valener’s (VNR) Sector Perform Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their sector perform rating on shares of Valener Inc (TSE:VNR) in a research note issued to investors on Friday morning, StockTargetPrices.com reports. They currently have a C$24.00 target price on the stock.
Several other research analysts also recently issued reports on the stock. Desjardins upped their price target on shares of Valener from C$22.00 to C$22.50 and gave the stock a hold rating in a report on Thursday, August 18th. BMO Capital Markets lowered their price target on shares of Valener from C$23.00 to C$22.00 and set a market perform rating for the company in a report on Friday, August 12th. Finally, TD Securities upped their price target on shares of Valener from C$21.00 to C$23.00 and gave the stock a hold rating in a report on Friday, August 12th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average target price of C$22.50.
Valener (TSE:VNR) opened at 21.04 on Friday. The company has a market capitalization of $812.84 million and a price-to-earnings ratio of 14.83. The firm’s 50-day moving average price is $20.62 and its 200 day moving average price is $21.72. Valener has a 12-month low of $17.26 and a 12-month high of $23.27.
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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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