Valener (TSE:VNR) had its target price upped by analysts at Royal Bank of Canada from C$22.00 to C$26.00 in a report issued on Thursday, March 28th, Stock Target Advisor reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 0.80% from the stock’s current price.
A number of other equities analysts have also weighed in on the company. National Bank Financial upped their target price on Valener from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 21st. BMO Capital Markets upped their target price on Valener from C$21.00 to C$22.00 in a research note on Monday, February 11th.
Shares of TSE VNR traded up C$0.01 during trading on Thursday, reaching C$26.21. 67,300 shares of the stock traded hands, compared to its average volume of 125,904. Valener has a 52-week low of C$18.10 and a 52-week high of C$26.25. The company has a debt-to-equity ratio of 10.44, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $1.03 billion and a PE ratio of 16.99.
Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.
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