National Bank Financial Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its price objective lifted by research analysts at National Bank Financial from C$38.00 to C$41.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 9.65% from the stock’s current price.

Several other analysts have also recently commented on the stock. Raymond James Financial lifted their target price on shares of 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday. ATB Cormark Capital Markets lowered their target price on shares of 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 lifted their target price on shares of 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. Desjardins lifted their target price on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Canaccord Genuity Group lifted their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$40.50.

5N Plus Price Performance

Shares of VNP traded up C$0.10 during mid-day trading on Friday, reaching C$37.39. 278,720 shares of the company’s stock were exchanged, compared to its average volume of 474,649. The company has a quick ratio of 1.51, a current ratio of 2.69 and a debt-to-equity ratio of 68.96. The company has a 50-day simple moving average of C$32.00 and a two-hundred day simple moving average of C$24.78. 5N Plus has a 52-week low of C$7.45 and a 52-week high of C$39.70. The company has a market cap of C$3.36 billion, a price-to-earnings ratio of 66.77, a PEG ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The business had revenue of C$163.91 million during the quarter. On average, sell-side analysts predict that 5N Plus will post 0.3739703 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.