Valener Inc (VNR) Receives Average Recommendation of “Hold” from Analysts

Valener Inc (TSE:VNR) has received a consensus rating of “Hold” from the five ratings firms that are covering the firm. Three equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$22.40.

Several research firms recently weighed in on VNR. Desjardins dropped their price objective on shares of Valener from C$22.50 to C$22.00 in a research note on Wednesday, December 21st. BMO Capital Markets increased their price objective on shares of Valener from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Friday, November 25th. Royal Bank Of Canada restated a “sector perform” rating and issued a C$24.00 price target on shares of Valener in a research note on Friday, November 25th. Finally, TD Securities dropped their price target on shares of Valener from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Friday, November 25th.

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Shares of Valener (TSE:VNR) traded down 0.44% during midday trading on Tuesday, hitting $20.49. The stock had a trading volume of 4,730 shares. The company has a market cap of $792.78 million and a P/E ratio of 12.70. The firm has a 50 day moving average of $20.94 and a 200-day moving average of $21.29. Valener has a one year low of $18.33 and a one year high of $23.27.

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.

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