5N Plus (TSE:VNP) Price Target Raised to C$30.00

5N Plus (TSE:VNP) had its target price boosted by analysts at Desjardins from C$24.50 to C$30.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 16.69% from the company’s previous close.

Several other research firms have also recently issued reports on VNP. Raymond James Financial increased their price target on 5N Plus from C$24.00 to C$26.00 in a research note on Wednesday, November 5th. National Bankshares upped their price objective on shares of 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Canaccord Genuity Group set a C$26.00 target price on shares of 5N Plus and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Ventum Financial boosted their price target on shares of 5N Plus from C$19.00 to C$21.50 in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$24.90.

5N Plus Stock Performance

Shares of VNP traded up C$1.63 during mid-day trading on Monday, reaching C$25.71. 706,082 shares of the company’s stock traded hands, compared to its average volume of 452,176. The business’s 50-day moving average price is C$19.20 and its 200-day moving average price is C$17.37. The stock has a market capitalization of C$2.29 billion, a P/E ratio of 52.47, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. 5N Plus has a 12 month low of C$4.90 and a 12 month high of C$26.40.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Monday, November 3rd. The company reported C$0.20 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%.The business had revenue of C$146.06 million during the quarter. Equities analysts predict that 5N Plus will post 0.3739703 earnings per share for the current 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.