Shares of Heroux Devtek Inc (TSE:HRX) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.40.

A number of equities research analysts have recently issued reports on HRX shares. Royal Bank of Canada upped their target price on shares of Heroux Devtek from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. Raymond James Financial upped their target price on shares of Heroux Devtek from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. TD Securities upped their target price on shares of Heroux Devtek from C$14.50 to C$15.50 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Desjardins upgraded shares of Heroux Devtek from a “hold” rating to a “buy” rating and upped their target price for the company from C$15.00 to C$18.00 in a research note on Tuesday, October 3rd. Finally, Scotiabank upped their target price on shares of Heroux Devtek from C$15.50 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th.

Shares of Heroux Devtek (TSE HRX) traded up C$0.05 during mid-day trading on Tuesday, reaching C$15.22. 7,854 shares of the company’s stock were exchanged, compared to its average volume of 4,510. The firm has a market cap of $548.29, a price-to-earnings ratio of 22.72 and a beta of 0.16. Heroux Devtek has a 52-week low of C$11.06 and a 52-week high of C$15.71.

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Heroux Devtek Company Profile

Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.

Analyst Recommendations for Heroux Devtek (TSE:HRX)

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