Desjardins Sticks to Their Hold Rating for Valener

Valener (TSX: VNR), the Utilities sector company, was revisited by a Wall Street analyst today. Desjardins’ analyst Bill Cabel reiterates their Hold rating on the shares, with a C$23 price target.

According to TipRanks.com, Cabel is ranked #618 out of 4743 analysts.

Valener has an analyst consensus of Hold, with a price target consensus of C$23.

Valener’s market cap is currently C$856.1M and has a P/E ratio of 16.

Valener, Inc. operates as an investment vehicle for Gaz Metro. It focuses on various energy portfolios. The company was founded on June 15, 2010 and is headquartered in Montreal, Canada.

The company’s shares closed on Friday at C$22.13.

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