5N Plus (TSE:VNP) Stock Price Target Raised at Desjardins

5N Plus (TSE:VNP) had its target price increased by equities research analysts at Desjardins from C$45.00 to C$46.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s target price points to a potential upside of 42.72% from the stock’s previous close.

Several other equities research analysts have also issued reports on VNP. Scotia decreased their target price on 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 5th. Ventum Capital boosted their price objective on 5N Plus from C$44.00 to C$45.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada set a C$41.00 price target on shares of 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. National Bank Financial decreased their price objective on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group set a C$48.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$45.75.

5N Plus Stock Down 1.2%

5N Plus stock traded down C$0.39 during midday trading on Wednesday, hitting C$32.23. 710,712 shares of the stock were exchanged, compared to its average volume of 623,465. 5N Plus has a 52-week low of C$17.20 and a 52-week 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 price-to-earnings-growth ratio of 6,283.33 and a beta of 0.59. The business’s 50-day moving average price is C$27.98 and its 200-day moving average price is C$31.97. The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 45.47.

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