Desjardins Cuts 5N Plus (TSE:VNP) Price Target to C$45.00

5N Plus (TSE:VNP) had its price objective lowered by Desjardins from C$50.00 to C$45.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

VNP has been the subject of a number of other research reports. National Bank Financial upped their price objective on shares of 5N Plus from C$41.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Canaccord Genuity Group set a C$48.00 price target on shares of 5N Plus and gave the company a “buy” rating in a research report on Tuesday, July 14th. Scotiabank set a C$48.00 price objective on 5N Plus and gave the company a “sector outperform” rating in a research note on Monday, June 22nd. Raymond James Financial boosted their target price on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Ventum Financial set a C$44.00 target price on 5N Plus and gave the company a “buy” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$45.28.

5N Plus Price Performance

VNP opened at C$30.46 on Wednesday. The stock has a 50-day moving average price of C$37.97 and a 200-day moving average price of C$33.87. 5N Plus has a 12-month low of C$14.18 and a 12-month high of C$49.97. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 45.47. The stock has a market capitalization of C$2.74 billion, a P/E ratio of 46.86, a PEG ratio of 6,283.33 and a beta of 0.95.

5N Plus (TSE:VNP) last released its earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share for the quarter. The company had revenue of C$173.84 million during the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. Equities analysts predict that 5N Plus will post 0.3739703 earnings per share for the current fiscal year.

About 5N Plus

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra-pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.