Raymond James Financial Increases 5N Plus (TSE:VNP) Price Target to C$38.00

5N Plus (TSE:VNP) had its price target boosted by analysts at Raymond James Financial from C$35.00 to C$38.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 18.01% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity Group raised their price target on 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Desjardins increased their price objective on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. National Bank Financial raised their target price on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. 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 report on Thursday, February 26th. Finally, ATB Cormark Capital Markets decreased their price target on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$34.58.

5N Plus Stock Performance

TSE:VNP traded up C$0.52 on Wednesday, hitting C$32.20. The company’s stock had a trading volume of 154,063 shares, compared to its average volume of 508,632. 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 stock has a fifty day moving average of C$27.78 and a two-hundred day moving average of C$21.82. The firm has a market capitalization of C$2.87 billion, a P/E ratio of 57.50, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.87. 5N Plus has a one year low of C$5.12 and a one year high of C$35.29.

5N Plus (TSE:VNP) last issued its earnings results on Tuesday, February 24th. The company reported C$0.10 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%. Research analysts predict 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.