Ventum Financial Boosts 5N Plus (TSE:VNP) Price Target to C$30.00

5N Plus (TSE:VNP) had its price target raised by stock analysts at Ventum Financial from C$26.00 to C$30.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s target price would suggest a potential upside of 9.01% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group set a C$26.00 price objective on 5N Plus and gave the stock a “buy” rating in a research report on Thursday, January 8th. Desjardins boosted their target price on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial boosted their target price on shares of 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. ATB Capital reduced their target price on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research note on Tuesday. Finally, National Bankshares lifted their target price on 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$28.42.

5N Plus Price Performance

Shares of VNP stock traded up C$2.01 during trading on Tuesday, hitting C$27.52. The company had a trading volume of 625,433 shares, compared to its average volume of 478,784. The stock’s 50-day moving average price is C$19.33 and its 200 day moving average price is C$17.47. 5N Plus has a one year low of C$4.90 and a one year high of C$27.58. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. The firm has a market capitalization of C$2.45 billion, a P/E ratio of 56.16, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89.

5N Plus (TSE:VNP) last released its earnings results 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 company had revenue of C$146.06 million for the quarter. Equities analysts expect 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.