Raymond James Financial Issues Positive Forecast for 5N Plus (TSE:VNP) Stock Price

5N Plus (TSE:VNP) had its price objective lifted by Raymond James Financial from C$19.00 to C$24.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on VNP. National Bankshares increased their price objective on 5N Plus from C$17.00 to C$21.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Ventum Financial raised their price target on 5N Plus from C$11.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Desjardins raised their price target on 5N Plus from C$11.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Cormark raised 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, 5N Plus has a consensus rating of “Strong Buy” and an average target price of C$18.25.

5N Plus Stock Down 0.5%

Shares of TSE VNP opened at C$17.62 on Friday. 5N Plus has a one year low of C$4.90 and a one year high of C$19.60. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51. The firm’s 50 day simple moving average is C$15.97 and its two-hundred day simple moving average is C$11.20. The stock has a market capitalization of C$1.57 billion, a P/E ratio of 48.94, a PEG ratio of 6,283.33 and a beta of 1.46.

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.