Valener Inc (TSE:VNR) had its price target reduced by investment analysts at $23.00 from C$200.00 to C$2.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. $23.00’s price target suggests a potential downside of 90.48% from the stock’s current price.
A number of other equities research analysts also recently issued reports on VNR. BMO Capital Markets upped their price objective on Valener from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Friday. TD Securities decreased their price objective on Valener from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research report on Friday. Desjardins reiterated a “hold” rating and issued a C$22.50 price target (up from C$22.00) on shares of Valener in a report on Friday, August 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$24.00 price target on shares of Valener in a report on Friday. Six analysts have rated the stock with a hold rating, Valener has an average rating of “Hold” and a consensus price target of C$19.08.
Shares of Valener (TSE:VNR) traded up 1.60% on Friday, reaching $21.00. The company’s stock had a trading volume of 66,719 shares. The firm has a market capitalization of $811.29 million and a PE ratio of 14.80. The firm has a 50-day moving average price of $20.63 and a 200 day moving average price of $21.74. Valener has a one year low of $16.81 and a one year high of $23.27.