5N Plus (TSE:VNP – Get Free Report) had its price target raised by equities researchers at Desjardins from C$6.75 to C$7.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 24.36% from the stock’s previous close.
Several other brokerages have also weighed in on VNP. Cormark upped their price objective on 5N Plus from C$5.50 to C$7.50 and gave the company a “buy” rating in a report on Friday, June 7th. National Bankshares increased their target price on shares of 5N Plus from C$0.60 to C$0.65 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Raymond James downgraded 5N Plus from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from C$7.00 to C$7.50 in a research report on Friday, July 5th.
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5N Plus Price Performance
5N Plus (TSE:VNP – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). The company had revenue of C$87.66 million for the quarter, compared to analyst estimates of C$88.32 million. 5N Plus had a net margin of 6.53% and a return on equity of 13.41%. As a group, research analysts predict that 5N Plus will post 0.2529264 earnings per share for the current year.
Insider Activity
In related news, Senior Officer Richard Perron sold 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$6.08, for a total value of C$25,536.00. In related news, Senior Officer Richard Perron sold 4,200 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$6.08, for a total value of C$25,536.00. Also, Director Luc Bertrand purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of C$6.01 per share, with a total value of C$30,045.00. 4.82% of the stock is owned by company insiders.
5N Plus Company Profile
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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