Shares of Valener Inc (TSE:VNR) have received an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have covered the stock in the last year is C$22.60.

Several equities research analysts recently weighed in on the company. National Bank Financial lifted their price objective on Valener from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Monday, May 15th. TD Securities lifted their price objective on Valener from C$21.00 to C$22.00 and gave the stock a “hold” rating in a report on Friday, May 12th.

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Valener (VNR) opened at 21.65 on Friday. The firm has a market capitalization of $840.28 million and a P/E ratio of 17.11. The firm has a 50 day moving average of $22.66 and a 200 day moving average of $21.60. Valener has a 12-month low of $18.76 and a 12-month high of $23.23.

About Valener

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.

Analyst Recommendations for Valener (TSE:VNR)

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