Valener (TSE:VNR) had its price objective lowered by equities research analysts at TD Securities from C$23.00 to C$22.00 in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 6.85% from the company’s previous close.
VNR has been the subject of several other reports. BMO Capital Markets decreased their price target on Valener from C$23.50 to C$23.00 in a report on Tuesday, February 6th. Royal Bank of Canada decreased their price target on Valener from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a report on Monday. Finally, National Bank Financial downgraded Valener from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$24.00 to C$22.00 in a report on Monday, January 29th.
Shares of Valener (TSE:VNR) traded down C$0.46 on Tuesday, hitting C$20.59. 106,113 shares of the stock were exchanged, compared to its average volume of 52,712. The stock has a market capitalization of $835.02, a price-to-earnings ratio of 11.95 and a beta of 0.02. Valener has a twelve month low of C$20.51 and a twelve month high of C$23.28.
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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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