Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$215.00

Hammond Power Solutions (TSE:HPS.A) had its price target hoisted by National Bank Financial from C$195.00 to C$215.00 in a report issued on Wednesday morning,BayStreet.CA reports.

HPS.A has been the subject of several other research reports. Canaccord Genuity Group increased their price target on Hammond Power Solutions from C$154.00 to C$211.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. ATB Cormark Capital Markets upped their price objective on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hammond Power Solutions currently has a consensus rating of “Buy” and a consensus price target of C$206.00.

Hammond Power Solutions Stock Performance

Shares of HPS.A stock opened at C$214.19 on Wednesday. Hammond Power Solutions has a 12-month low of C$69.29 and a 12-month high of C$217.46. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 31.59 and a beta of 0.51. The business has a 50 day simple moving average of C$175.27 and a 200 day simple moving average of C$155.99.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.