Raymond James Financial Issues Positive Forecast for 5N Plus (TSE:VNP) Stock Price

Key Points

• Raymond James Financial raised its price target for 5N Plus (TSE:VNP) from C$19.00 to C$24.00, indicating a potential upside of 36.21% from its previous close.
• Multiple analysts have boosted their price targets for 5N Plus, with National Bankshares setting a new target of C$21.00 and Desjardins and Ventum Financial both updating theirs to C$14.00.
• 5N Plus has an average rating of Strong Buy among analysts, with three sources rating it as a Strong Buy and three as Buy.

5N Plus (TSE:VNP - Get Free Report) had its price objective increased by Raymond James Financial from C$19.00 to C$24.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James Financial's price target suggests a potential upside of 36.21% from the company's previous close.

VNP has been the topic of a number of other research reports. National Bankshares boosted their target price on 5N Plus from C$17.00 to C$21.00 and gave the company an "outperform" rating in a report on Tuesday, October 7th. Desjardins lifted their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Ventum Financial lifted their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Cormark upgraded shares of 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average price target of C$18.25.

5N Plus Stock Performance

Shares of TSE VNP traded down C$0.09 during trading hours on Friday, reaching C$17.62. The stock had a trading volume of 337,064 shares, compared to its average volume of 314,164. The firm has a market cap of C$1.57 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 6,283.33 and a beta of 1.46. The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. 5N Plus has a fifty-two week low of C$4.90 and a fifty-two week high of C$19.60. The firm has a 50-day moving average of C$15.92 and a 200-day moving average of C$11.11.

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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