5N Plus (TSE:VNP) Given a C$48.00 Price Target by Scotiabank Analysts

5N Plus (TSE:VNP) received a C$48.00 price objective from equities researchers at Scotiabank in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 18.49% from the stock’s previous close.

A number of other analysts have also recently commented on VNP. ATB Cormark Capital Markets upped their target price on shares of 5N Plus from C$45.00 to C$56.50 and gave the company a “top pick” rating in a report on Monday, May 25th. Canaccord Genuity Group increased their price target on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Ventum Financial increased their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Desjardins upped their price target on 5N Plus from C$43.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, National Bank Financial upped their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$45.50.

5N Plus Stock Performance

Shares of TSE VNP traded down C$3.37 during trading on Monday, reaching C$40.51. 417,941 shares of the stock traded hands, compared to its average volume of 533,908. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. The stock has a market capitalization of C$3.64 billion, a P/E ratio of 62.32, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.92. 5N Plus has a 52-week low of C$8.53 and a 52-week high of C$49.97. The company has a 50-day moving average of C$38.79 and a 200-day moving average of C$29.58.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The firm had revenue of C$163.91 million during the quarter. Analysts forecast 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.