Shares of Valener Inc (TSE:VNR) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$22.60.

VNR has been the subject of several research reports. TD Securities reissued a “hold” rating and set a C$21.00 price objective on shares of Valener in a research note on Wednesday, March 8th. National Bank Financial raised their price objective on Valener from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th.

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Valener (VNR) opened at 22.88 on Monday. The firm has a market capitalization of $888.02 million and a PE ratio of 18.09. Valener has a 12-month low of $18.76 and a 12-month high of $23.23. The stock has a 50 day moving average price of $22.46 and a 200-day moving average price of $21.49.

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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