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

5N Plus (TSE:VNP) has been assigned a C$48.00 price objective by Scotiabank in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 18.49% from the stock’s current price.

A number of other equities research analysts also recently weighed in on VNP. Canaccord Genuity Group raised their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. National Bank Financial raised their price target on 5N Plus from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Desjardins boosted their price objective on 5N Plus from C$43.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. ATB Cormark Capital Markets boosted their price target on shares of 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research report on Monday, May 25th. Finally, Raymond James Financial raised their price objective on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, 5N Plus has an average rating of “Buy” and an average target price of C$45.50.

5N Plus Stock Performance

5N Plus stock traded down C$3.37 during mid-day trading on Monday, hitting C$40.51. 417,941 shares of the company’s stock traded hands, compared to its average volume of 533,908. The stock has a market cap of C$3.64 billion, a price-to-earnings ratio of 62.32, a P/E/G ratio of 6,283.33 and a beta of 0.92. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. 5N Plus has a fifty-two week low of C$8.53 and a fifty-two week high of C$49.97. The firm has a 50 day simple moving average of C$38.79 and a two-hundred day simple 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 business had revenue of C$163.91 million during the quarter. On average, research analysts expect that 5N Plus will post 0.3739703 EPS 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.