Scotia Cuts 5N Plus (TSE:VNP) Price Target to C$35.00

5N Plus (TSE:VNP) had its price target reduced by Scotia from C$48.00 to C$35.00 in a research note published on Wednesday,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James Financial boosted their target price on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotiabank set a C$48.00 price objective on 5N Plus and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. ATB Cormark Capital Markets increased their target price on 5N Plus from C$45.00 to C$56.50 and gave the company a “top pick” rating in a report on Monday, May 25th. National Bank Financial increased their target price on 5N Plus from C$41.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Ventum Financial set a C$44.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$45.28.

5N Plus Price Performance

VNP opened at C$30.46 on Wednesday. The company’s 50-day simple moving average is C$37.97 and its two-hundred day simple moving average is C$33.87. The company has a debt-to-equity ratio of 45.47, a quick ratio of 1.51 and a current ratio of 2.28. The stock has a market capitalization of C$2.74 billion, a P/E ratio of 46.86, a P/E/G ratio of 6,283.33 and a beta of 0.95. 5N Plus has a 52-week low of C$14.18 and a 52-week high of C$49.97.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, August 3rd. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$173.84 million during the quarter. 5N Plus had a net margin of 14.08% and a return on equity of 29.60%. As a group, analysts predict that 5N Plus will post 0.3739703 EPS 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.