5N Plus (TSE:VNP) Price Target Raised to C$38.00

5N Plus (TSE:VNP) had its price objective boosted by National Bank Financial from C$33.00 to C$38.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Desjardins upped their target price on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. ATB Cormark Capital Markets decreased 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. Canaccord Genuity Group boosted their price objective on 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Ventum Financial upped their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial increased their target price on 5N Plus from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$35.42.

5N Plus Price Performance

5N Plus stock opened at C$33.00 on Tuesday. 5N Plus has a 12-month low of C$6.12 and a 12-month high of C$36.40. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 84.42. The firm has a 50-day moving average price of C$31.07 and a 200-day moving average price of C$23.80. The firm has a market capitalization of C$2.97 billion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.85.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$134.21 million for the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. As a group, equities research analysts forecast that 5N Plus will post 0.3739703 EPS for the current 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.