Scotia Has Lowered Expectations for 5N Plus (TSE:VNP) Stock Price

5N Plus (TSE:VNP) had its target price cut by stock analysts at Scotia from C$48.00 to C$35.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotia’s target price suggests a potential upside of 17.77% from the company’s current price.

A number of other equities research analysts also recently weighed in on VNP. National Bank Financial boosted 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 report on Monday, June 15th. Desjardins decreased their target price on 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada set a C$41.00 target price on 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. Scotiabank set a C$48.00 price target on 5N Plus and gave the stock a “sector outperform” rating in a research report on Monday, June 22nd. Finally, Raymond James Financial raised their price target on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$45.28.

5N Plus Stock Performance

5N Plus stock traded down C$0.07 during mid-day trading on Wednesday, reaching C$29.72. The company’s stock had a trading volume of 680,562 shares, compared to its average volume of 555,849. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. 5N Plus has a twelve month low of C$14.18 and a twelve month high of C$49.97. The business has a 50 day moving average price of C$38.85 and a 200-day moving average price of C$33.76. The firm has a market cap of C$2.67 billion, a price-to-earnings ratio of 45.72, a PEG ratio of 6,283.33 and a beta of 0.99.

5N Plus (TSE:VNP) last issued its earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The company had revenue of C$173.84 million for the quarter. Sell-side analysts predict that 5N Plus will post 0.3739703 EPS 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.