5N Plus (TSE:VNP) Price Target Raised to C$39.00

5N Plus (TSE:VNP) had its price objective boosted by Scotia from C$37.00 to C$39.00 in a research report sent to investors on Wednesday,BayStreet reports. They currently have a sector outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Desjardins lifted their price target on 5N Plus from C$45.00 to C$46.00 and gave the stock a “buy” rating in a research note on Wednesday. Ventum Capital raised their price objective on 5N Plus from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group set a C$48.00 target price on 5N Plus and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Ventum Financial set a C$44.00 target price on 5N Plus and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Raymond James Financial upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price target on the stock in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$45.75.

5N Plus Price Performance

Shares of VNP traded up C$2.88 during trading hours on Wednesday, reaching C$33.53. 1,353,773 shares of the company’s stock traded hands, compared to its average volume of 630,937. 5N Plus has a 12 month low of C$17.20 and a 12 month high of C$49.97. The company has a current ratio of 2.29, a quick ratio of 1.51 and a debt-to-equity ratio of 42.90. The stock has a market cap of C$3.02 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.30. The firm’s 50 day simple moving average is C$28.33 and its 200-day simple moving average is C$32.15.

5N Plus (TSE:VNP) last announced its earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$194.16 million during the quarter. 5N Plus had a net margin of 11.93% and a return on equity of 25.26%. Equities analysts expect that 5N Plus will post 0.37 EPS for the current year.

5N Plus Company Profile

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.