Trading Report: Today, TD Securities Downgraded Valener Inc (VNR) Price Target to C$22.00

Today, TD Securities Downgraded Valener Inc (VNR) Price Target to C$22.00

Valener Inc (TSE:VNR) had its price objective lowered by equities research analysts at TD Securities from C$23.00 to C$22.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 6.43% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$24.00 price target on shares of Valener in a report on Friday. BMO Capital Markets increased their price target on shares of Valener from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Friday. Finally, Desjardins restated a “hold” rating and set a C$22.50 target price (up previously from C$22.00) on shares of Valener in a research report on Friday, August 12th. Five investment analysts have rated the stock with a hold rating, Valener has a consensus rating of “Hold” and an average target price of C$22.50.

Valener (TSE:VNR) traded up 0.97% on Friday, reaching $20.87. 45,141 shares of the company traded hands. The company has a market capitalization of $806.27 million and a PE ratio of 14.71. The stock has a 50-day moving average of $20.63 and a 200 day moving average of $21.74. Valener has a 52-week low of $16.81 and a 52-week high of $23.27.

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