Valener Inc (TSE:VNR) had its price target dropped by stock analysts at $23.00 from C$200.00 to C$2.00 in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the stock. $23.00’s price objective points to a potential downside of 90.48% from the stock’s previous close.
Several other brokerages have also weighed in on VNR. Desjardins reiterated a “hold” rating and issued a C$22.50 price objective (up from C$22.00) on shares of Valener in a research report on Friday, August 12th. TD Securities upped their price target on Valener from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. BMO Capital Markets decreased their price target on Valener from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a research note on Friday, August 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$24.00 price target on shares of Valener in a research note on Friday. Six analysts have rated the stock with a hold rating, Valener has a consensus rating of “Hold” and a consensus target price of C$19.08.
Shares of Valener (TSE:VNR) traded up 0.52% on Monday, reaching $21.11. The company had a trading volume of 19,831 shares. The firm’s 50 day moving average is $20.62 and its 200 day moving average is $21.73. The firm has a market capitalization of $815.54 million and a PE ratio of 14.88. Valener has a 12 month low of $16.81 and a 12 month high of $23.27.