5N Plus (TSE:VNP) Given New C$39.00 Price Target at Scotia

5N Plus (TSE:VNP) had its price target lifted by Scotia from C$37.00 to C$39.00 in a research note issued on Wednesday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotia‘s target price would suggest a potential upside of 21.01% from the stock’s current price.

Several other research firms have also commented on VNP. Raymond James Financial raised 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price target on the stock in a research report on Wednesday, August 5th. Royal Bank Of Canada set a C$41.00 price objective on 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. Ventum Financial set a C$44.00 target price on shares of 5N Plus and gave the stock a “buy” rating in a research report on Monday, July 27th. National Bank Financial cut their target price on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Desjardins upped their price target on shares of 5N Plus from C$45.00 to C$46.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$45.75.

5N Plus Stock Performance

Shares of VNP stock traded down C$0.39 during mid-day trading on Wednesday, hitting C$32.23. 710,712 shares of the stock were exchanged, compared to its average volume of 623,465. The stock’s fifty day simple moving average is C$27.98 and its two-hundred day simple moving average is C$31.97. The company has a debt-to-equity ratio of 45.47, a quick ratio of 1.51 and a current ratio of 2.28. 5N Plus has a 12-month low of C$17.20 and a 12-month high of C$49.97. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 6,283.33 and a beta of 0.59.

5N Plus (TSE:VNP) last posted its earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share for the quarter. The business had revenue of C$194.16 million during the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. On average, analysts forecast that 5N Plus will post 0.37 EPS for the current 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.