Valener Inc (VNR) Stock Rating Reaffirmed by BMO Capital Markets

Valener Inc (TSE:VNR)‘s stock had its “market perform” rating restated by investment analysts at BMO Capital Markets in a report issued on Monday. They currently have a C$23.50 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 4.49% from the stock’s previous close.

Separately, TD Securities boosted their price objective on shares of Valener from C$22.00 to C$23.00 and gave the company a “hold” rating in a research note on Thursday, August 10th.

Valener (TSE VNR) traded up C$0.14 during mid-day trading on Monday, reaching C$22.49. 43,435 shares of the company’s stock traded hands, compared to its average volume of 43,371. Valener has a 12-month low of C$20.31 and a 12-month high of C$23.23.

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About Valener

Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

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