5N Plus (TSE:VNP) Price Target Raised to C$31.00

5N Plus (TSE:VNP) had its target price increased by Canaccord Genuity Group from C$26.00 to C$31.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

VNP has been the subject of a number of other reports. National Bankshares upped their price objective on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins raised their price objective on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Raymond James Financial boosted their price objective on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. ATB Capital dropped their target price on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research report on Tuesday. Finally, Ventum Financial boosted their price target on 5N Plus from C$26.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$31.25.

5N Plus Price Performance

Shares of TSE:VNP opened at C$27.69 on Wednesday. The firm has a 50 day moving average of C$19.90 and a 200-day moving average of C$17.82. 5N Plus has a 12 month low of C$4.90 and a 12 month high of C$28.10. The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The stock has a market capitalization of C$2.47 billion, a PE ratio of 56.51, a PEG ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last issued its quarterly 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. On average, equities research 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.