Raymond James Financial Issues Positive Forecast for 5N Plus (TSE:VNP) Stock Price

5N Plus (TSE:VNP) had its price target boosted by equities researchers at Raymond James Financial from C$29.00 to C$35.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 14.49% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. ATB Cormark Capital Markets lowered their price objective 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. 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. Desjardins upped their target price on shares of 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. National Bank Financial lifted their price target 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. Finally, Canaccord Genuity Group increased their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$34.08.

5N Plus Trading Up 2.1%

Shares of VNP stock traded up C$0.64 during trading hours on Thursday, reaching C$30.57. The company’s stock had a trading volume of 378,745 shares, compared to its average volume of 517,717. 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$2.72 billion, a P/E ratio of 62.39, a P/E/G ratio of 6,283.33 and a beta of 1.19. The firm’s fifty day simple moving average is C$22.27 and its 200 day simple moving average is C$19.21. 5N Plus has a one year low of C$4.90 and a one year high of C$31.35.

5N Plus (TSE:VNP) last posted its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$134.21 million for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. Equities research analysts expect 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.