Todays Report: Today, $23.00 Trims Valener Inc (VNR) Target Price to C$2.00

Today, $23.00 Trims Valener Inc (VNR) Target Price to C$2.00

Valener Inc (TSE:VNR) had its target price decreased by $23.00 from C$200.00 to C$2.00 in a report released on Saturday. The brokerage currently has a “hold” rating on the stock. $23.00’s price target would indicate a potential downside of 90.48% from the company’s current price.

Other analysts have also issued reports about the stock. TD Securities reduced their target price on shares of Valener from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$24.00 target price on shares of Valener in a report on Friday. BMO Capital Markets boosted their target price on shares of Valener from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Desjardins reiterated a “hold” rating and issued a C$22.50 target price (up from C$22.00) on shares of Valener in a report on Friday, August 12th. Six research analysts have rated the stock with a hold rating, Valener presently has an average rating of “Hold” and an average target price of C$19.08.

Shares of Valener (TSE:VNR) traded up 1.60% on Friday, hitting $21.00. 66,719 shares of the stock were exchanged. Valener has a 12 month low of $17.08 and a 12 month high of $23.27. The company has a 50-day moving average price of $20.62 and a 200 day moving average price of $21.73. The company has a market cap of $811.29 million and a PE ratio of 14.80.

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