Brokerages Set 5N Plus Inc. (TSE:VNP) Target Price at C$34.08

Shares of 5N Plus Inc. (TSE:VNP) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$34.08.

VNP has been the subject of several research analyst reports. Ventum Financial boosted their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Desjardins raised 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 report on Monday, February 2nd. Canaccord Genuity Group lifted their price target 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. ATB Cormark Capital Markets lowered their price objective 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 report on Tuesday, February 3rd. Finally, National Bank Financial raised their price objective on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th.

5N Plus Stock Performance

VNP stock opened at C$33.15 on Tuesday. The business’s 50-day moving average price is C$27.09 and its two-hundred day moving average price is C$21.39. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 84.42. The firm has a market cap of C$2.95 billion, a PE ratio of 59.20, a P/E/G ratio of 6,283.33 and a beta of 0.87. 5N Plus has a 1-year low of C$5.12 and a 1-year high of C$35.29.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$134.21 million during the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%. As a group, research analysts forecast that 5N Plus will post 0.3739703 earnings per share 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.