Todays Report: Today, Royal Bank Of Canada Reiterates “Sector Perform” Rating for Valener Inc (VNR)

Today, Royal Bank Of Canada Reiterates “Sector Perform” Rating for Valener Inc (VNR)

Valener Inc (TSE:VNR)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Friday, StockTargetPrices.com reports. They presently have a C$24.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 16.11% from the stock’s previous close.

VNR has been the subject of several other research reports. BMO Capital Markets decreased their price objective on shares of Valener from C$23.00 to C$22.00 and set a “market perform” rating for the company in a research note on Friday, August 12th. TD Securities upped their price objective on shares of Valener from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Finally, Desjardins upped their price objective on shares of Valener from C$22.00 to C$22.50 and gave the company a “hold” rating in a research note on Thursday, August 18th. Five analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of C$22.70.

Valener (TSE:VNR) traded up 0.87% during midday trading on Friday, reaching $20.85. The company had a trading volume of 31,091 shares. The firm’s 50 day moving average is $20.63 and its 200 day moving average is $21.74. Valener has a 1-year low of $16.81 and a 1-year high of $23.27. The stock has a market capitalization of $805.50 million and a PE ratio of 14.69.

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