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, 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.

Analyst Recommendations for Valener (TSE:VNR)

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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About Valener

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.

Stock Target Prices

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