Trade Report: Today, Valener Inc (VNR) Price Target Cut to C$2.00 by Analysts at $23.00

Today, Valener Inc (VNR) Price Target Cut to C$2.00 by Analysts at $23.00

Valener Inc (TSE:VNR) had its target price trimmed by $23.00 from C$200.00 to C$2.00 in a research note released on Monday morning. The brokerage currently has a hold rating on the stock.

VNR has been the topic of several other research reports. TD Securities raised their target price on shares of Valener from C$21.00 to C$23.00 and gave the stock a hold rating in a report on Friday, August 12th. BMO Capital Markets raised 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. Desjardins restated a hold rating and issued a C$22.50 target price (up previously from C$22.00) on shares of Valener in a report on Friday, August 12th. Finally, Royal Bank Of Canada restated a sector perform rating and issued a C$24.00 target price on shares of Valener in a report on Friday. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and an average target price of C$19.08.

Valener (TSE:VNR) opened at 21.10 on Monday. The company has a market cap of $815.16 million and a PE ratio of 14.87. The stock has a 50 day moving average of $20.62 and a 200 day moving average of $21.72. Valener has a 12-month low of $17.26 and a 12-month high of $23.27.

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