Royal Bank of Canada Raises Valener (VNR) Price Target to C$22.00

Valener (TSE:VNR) had its price target raised by Royal Bank of Canada from C$21.00 to C$22.00 in a research report released on Monday. They currently have a sector perform rating on the stock.

Separately, BMO Capital Markets lifted their target price on shares of Valener from C$21.00 to C$22.00 in a research report on Monday.

Shares of TSE VNR opened at C$21.96 on Monday. Valener has a twelve month low of C$18.10 and a twelve month high of C$22.05. The company has a market capitalization of $851.38 million and a P/E ratio of 14.09. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.44.

Valener (TSE:VNR) last announced its quarterly earnings data on Friday, November 23rd. The company reported C($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.11) by C$0.10. The firm had revenue of C($1.30) million during the quarter. Sell-side analysts expect that Valener will post 1.41999999085136 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, March 29th. Valener’s payout ratio is 74.41%.

Valener Company Profile

Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.

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