5N Plus (TSE:VNP) Given New C$21.00 Price Target at National Bankshares

Key Points

• 5N Plus's price target has been increased from C$17.00 to C$21.00 by National Bankshares, indicating a potential upside of 16.99% from the previous close.
• Multiple analysts have recently upgraded their ratings on 5N Plus, with the company currently holding an average rating of Strong Buy and a consensus price target of C$16.33.
• 5N Plus's stock is currently trading at C$17.95, with a market cap of C$1.60 billion and significant trading activity reflected by 297,526 shares exchanged on Tuesday.

5N Plus (TSE:VNP - Get Free Report) had its price target increased by research analysts at National Bankshares from C$17.00 to C$21.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 16.99% from the company's previous close.

VNP has been the topic of several other research reports. Ventum Financial upped their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Cormark upgraded shares of 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, September 25th. National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Desjardins increased their target price on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus price target of C$16.33.

5N Plus Stock Up 0.9%

VNP traded up C$0.16 during trading on Tuesday, hitting C$17.95. 297,526 shares of the company's stock were exchanged, compared to its average volume of 311,828. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The business's 50 day moving average is C$15.20 and its two-hundred day moving average is C$10.49. 5N Plus has a fifty-two week low of C$4.90 and a fifty-two week high of C$18.58. The stock has a market cap of C$1.60 billion, a P/E ratio of 49.86, a PEG ratio of 6,283.33 and a beta of 1.46.

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.

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