Valener Inc (TSE:VNR) had its price objective reduced by equities researchers at $23.00 from C$200.00 to C$2.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. $23.00’s price objective would suggest a potential downside of 90.48% from the stock’s previous close.
Several other research analysts also recently commented on VNR. BMO Capital Markets raised their price target on shares of Valener from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Friday. Desjardins reaffirmed a “hold” rating and issued a C$22.50 price target (up previously from C$22.00) on shares of Valener in a research note on Friday, August 12th. TD Securities reduced their price target on shares of Valener from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued 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, The stock has an average rating of “Hold” and a consensus price target of C$19.08.
Shares of Valener (TSE:VNR) traded down 0.52% on Monday, reaching $20.89. 9,382 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $20.62 and a 200-day moving average price of $21.73. The company has a market cap of $807.04 million and a PE ratio of 14.72. Valener has a 12-month low of $16.81 and a 12-month high of $23.27.