Canaccord Genuity Group Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its price target boosted by analysts at Canaccord Genuity Group from C$31.00 to C$34.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 11.22% from the stock’s previous close.

VNP has been the subject of several other reports. Ventum Financial lifted their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday. ATB Cormark Capital Markets dropped their price target on 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, February 3rd. National Bank Financial increased 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 note on Wednesday, February 4th. Raymond James Financial raised their target price on shares of 5N Plus from C$24.00 to C$26.00 in a report on Wednesday, November 5th. Finally, Desjardins upped their price target on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, 5N Plus has an average rating of “Buy” and a consensus target price of C$34.08.

5N Plus Stock Performance

TSE:VNP traded up C$0.64 during mid-day trading on Thursday, reaching C$30.57. 378,745 shares of the company’s stock were exchanged, compared to its average volume of 517,717. 5N Plus has a one year low of C$4.90 and a one year high of C$31.35. 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 business’s fifty day simple moving average is C$22.27 and its two-hundred day simple moving average is C$19.21. The firm has a market capitalization of C$2.72 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last announced its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. The firm had revenue of C$134.21 million for the quarter. Analysts anticipate that 5N Plus will post 0.3739703 earnings per share 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.