Valener Inc (TSE:VNR) Receives Average Recommendation of “Hold” from Analysts
Valener Inc (TSE:VNR) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$22.60.
A number of brokerages have commented on VNR. National Bank Financial increased their target price on Valener from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a report on Monday, May 15th. TD Securities increased their target price on Valener from C$21.00 to C$22.00 and gave the company a “hold” rating in a report on Friday, May 12th.
Shares of Valener (TSE VNR) opened at 21.34 on Tuesday. The firm has a 50-day moving average price of $22.19 and a 200-day moving average price of $21.74. The company has a market cap of $828.25 million and a P/E ratio of 16.87. Valener has a 1-year low of $18.76 and a 1-year high of $23.23.
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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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