5N Plus Inc. (TSE:VNP) Given Average Rating of “Buy” by Brokerages

5N Plus Inc. (TSE:VNP) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$8.60.

A number of brokerages have recently weighed in on VNP. Ventum Cap Mkts raised shares of 5N Plus to a “strong-buy” rating in a report on Wednesday. Desjardins upped their price target on shares of 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a report on Tuesday, September 10th. Ventum Financial set a C$10.00 price target on 5N Plus and gave the company a “buy” rating in a research report on Thursday. National Bankshares boosted their price objective on 5N Plus from C$8.00 to C$8.50 in a research report on Tuesday, November 5th. Finally, Raymond James increased their target price on 5N Plus from C$7.50 to C$8.50 in a research note on Friday, September 6th.

5N Plus Stock Up 2.3 %

VNP stock opened at C$6.55 on Friday. The company has a 50 day moving average of C$6.72 and a two-hundred day moving average of C$6.41. The company has a market cap of C$582.43 million, a price-to-earnings ratio of 40.94, a PEG ratio of 6,283.33 and a beta of 1.55. 5N Plus has a 12-month low of C$3.32 and a 12-month high of C$7.61. The company has a quick ratio of 1.51, a current ratio of 3.47 and a debt-to-equity ratio of 110.23.

Insiders Place Their Bets

In other news, Director Jean-Marie Bourassa acquired 9,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$6.75 per share, with a total value of C$60,750.00. Insiders own 4.91% of the company’s stock.

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.