Valener Inc (TSE:VNR)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. They currently have a C$24.00 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 16.11% from the company’s previous close.
Several other brokerages also recently commented on VNR. Desjardins reissued a “hold” rating and set a C$22.50 target price (up previously from C$22.00) on shares of Valener in a research note on Friday, August 12th. TD Securities boosted their price target on Valener from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Finally, BMO Capital Markets reduced their price target on Valener from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a report on Friday, August 12th. Five investment analysts have rated the stock with a hold rating, Valener presently has an average rating of “Hold” and an average target price of C$22.70.
Shares of Valener (TSE:VNR) traded up 1.06% during trading on Friday, hitting $20.89. 29,591 shares of the stock were exchanged. The firm’s 50-day moving average is $20.63 and its 200 day moving average is $21.74. The company has a market cap of $807.04 million and a P/E ratio of 14.72. Valener has a 1-year low of $16.81 and a 1-year high of $23.27.