5N Plus (TSE:VNP) Rating Increased to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of 5N Plus (TSE:VNP) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Desjardins lifted their price objective on 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Raymond James lifted their price objective on 5N Plus from C$7.50 to C$8.50 in a research note on Friday, September 6th. Ventum Financial set a C$10.00 price objective on 5N Plus and gave the company a “buy” rating in a research note on Thursday. Finally, National Bankshares lifted their price objective on 5N Plus from C$8.00 to C$8.50 in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$8.60.

5N Plus Stock Performance

TSE VNP opened at C$6.42 on Wednesday. The stock has a 50-day simple moving average of C$6.71 and a two-hundred day simple moving average of C$6.41. The firm has a market capitalization of C$570.87 million, a P/E ratio of 40.13, a PEG ratio of 6,283.33 and a beta of 1.55. 5N Plus has a fifty-two week low of C$3.33 and a fifty-two week high of C$7.61. The company has a debt-to-equity ratio of 110.23, a quick ratio of 1.51 and a current ratio of 3.47.

Insider Activity

In other news, Director Jean-Marie Bourassa acquired 9,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of C$6.75 per share, for a total transaction 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.