Analysts Set 5N Plus Inc. (TSE:VNP) Target Price at C$40.50

5N Plus Inc. (TSE:VNP) has been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$40.50.

A number of equities analysts recently issued reports on VNP shares. Canaccord Genuity Group lifted their target price 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. ATB Cormark Capital Markets increased their price target on 5N Plus from C$37.50 to C$45.00 and gave the company a “top pick” rating in a research report on Friday, May 8th. Desjardins lifted their price target on 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Ventum Financial lifted their price target on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Raymond James Financial boosted their price objective on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, May 8th.

5N Plus Stock Up 4.3%

VNP stock opened at C$41.76 on Wednesday. The firm has a market cap of C$3.76 billion, a PE ratio of 64.25, a P/E/G ratio of 6,283.33 and a beta of 0.98. 5N Plus has a 12 month low of C$7.95 and a 12 month high of C$42.86. 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 firm has a 50 day simple moving average of C$33.57 and a 200 day simple moving average of C$25.95.

5N Plus (TSE:VNP) last posted 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 company had revenue of C$163.91 million for the quarter. Equities research analysts forecast 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.