5N Plus (TSE:VNP) Price Target Raised to C$14.00

Key Points

• Desjardins has raised its price target for 5N Plus from C$11.00 to C$14.00, indicating a potential upside of 12.54% from the current stock price.
• Several other analysts have also increased their price targets, with a consensus average target of C$11.75 and three analysts giving the stock a "buy" rating.
• The stock of 5N Plus has shown a 0.6% increase, trading at C$12.44, with a market capitalization of C$780.90 million.

5N Plus (TSE:VNP - Get Free Report) had its price target boosted by Desjardins from C$11.00 to C$14.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 12.54% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Ventum Financial raised their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. National Bankshares raised their price target on shares of 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research note on Friday, June 6th. Cormark upgraded shares of 5N Plus to a "moderate buy" rating in a report on Monday, April 21st. Finally, National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a report on Thursday, June 12th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, 5N Plus has an average rating of "Buy" and a consensus target price of C$11.75.

5N Plus Stock Up 0.6%

Shares of 5N Plus stock traded up C$0.07 during trading on Friday, reaching C$12.44. The company had a trading volume of 225,804 shares, compared to its average volume of 312,720. The company has a market cap of C$780.90 million, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.55. The firm's fifty day moving average is C$9.60 and its 200-day moving average is C$7.71. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. 5N Plus has a fifty-two week low of C$4.90 and a fifty-two week high of C$12.91.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.

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