5N Plus (TSE:VNP) Price Target Cut to C$45.00 by Analysts at Desjardins

5N Plus (TSE:VNP) had its target price cut by equities researchers at Desjardins from C$50.00 to C$45.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 51.41% from the company’s current price.

Several other research firms have also weighed in on VNP. Royal Bank Of Canada set a C$41.00 price objective on 5N Plus and gave the company a “moderate buy” rating in a research note on Tuesday, July 21st. Raymond James Financial boosted their target price on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial increased their target price on shares of 5N Plus from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. ATB Cormark Capital Markets raised their price target on shares of 5N Plus from C$45.00 to C$56.50 and gave the company a “top pick” rating in a research note on Monday, May 25th. Finally, Canaccord Genuity Group set a C$48.00 price target on shares of 5N Plus and gave the company a “buy” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$45.28.

5N Plus Price Performance

TSE VNP traded down C$0.07 on Wednesday, hitting C$29.72. 680,562 shares of the company’s stock were exchanged, compared to its average volume of 555,849. The stock has a 50-day moving average of C$38.85 and a 200-day moving average of C$33.76. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. 5N Plus has a 52 week low of C$14.18 and a 52 week high of C$49.97. The stock has a market cap of C$2.67 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 6,283.33 and a beta of 0.99.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The company had revenue of C$173.84 million for the quarter. Analysts expect 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.