5N Plus (TSE:VNP) Given a C$48.00 Price Target by Canaccord Genuity Group Analysts

5N Plus (TSE:VNP) has been given a C$48.00 price target by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 26.58% from the company’s current price.

VNP has been the subject of several other research reports. Scotiabank set a C$48.00 price objective on 5N Plus and gave the company a “sector outperform” rating in a report on Monday, June 22nd. Desjardins increased their price target on 5N Plus from C$43.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. National Bank Financial raised their price target on 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. Raymond James Financial boosted their price target on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, ATB Cormark Capital Markets upped their price objective on 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research note on Monday, May 25th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$47.50.

5N Plus Stock Down 0.7%

VNP traded down C$0.28 during trading hours on Tuesday, hitting C$37.92. 197,143 shares of the company’s stock were exchanged, compared to its average volume of 534,406. 5N Plus has a 1-year low of C$9.89 and a 1-year high of C$49.97. The stock’s 50-day moving average is C$41.11 and its two-hundred day moving average is C$32.10. The stock has a market cap of C$3.41 billion, a price-to-earnings ratio of 58.34, a PEG ratio of 6,283.33 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 2.69 and a debt-to-equity ratio of 68.96.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The firm had revenue of C$163.91 million for the quarter. Sell-side analysts predict that 5N Plus will post 0.3739703 earnings per share for the current fiscal 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.