Scotia Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its price target raised by Scotia from C$37.00 to C$39.00 in a research report issued on Wednesday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotia‘s price objective suggests a potential upside of 21.01% from the stock’s previous close.

A number of other brokerages also recently issued reports on VNP. Ventum Financial set a C$44.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a research note on Monday, July 27th. Raymond James Financial raised shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price objective on the stock in a research report on Wednesday, August 5th. National Bank Financial reduced their price objective on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Canaccord Genuity Group set a C$48.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$45.75.

5N Plus Stock Down 1.2%

TSE:VNP traded down C$0.39 during midday trading on Wednesday, reaching C$32.23. The company had a trading volume of 710,712 shares, compared to its average volume of 623,465. 5N Plus has a 12-month low of C$17.20 and a 12-month high of C$49.97. The firm has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 6,283.33 and a beta of 0.59. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 45.47. The stock’s fifty day simple moving average is C$27.98 and its 200-day simple moving average is C$31.97.

5N Plus (TSE:VNP) last posted its quarterly earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$194.16 million for the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. On average, sell-side analysts anticipate that 5N Plus will post 0.37 earnings per share for the current fiscal year.

5N Plus Company Profile

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.