Raymond James Financial, Inc. Raises Heroux Devtek Inc (HRX) Price Target to C$16.50
Heroux Devtek Inc (TSE:HRX) had its price target raised by equities researchers at Raymond James Financial, Inc. from C$16.00 to C$16.50 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would suggest a potential upside of 10.37% from the company’s previous close.
Several other equities research analysts have also recently commented on HRX. Scotiabank dropped their target price on Heroux Devtek from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. TD Securities boosted their target price on Heroux Devtek from C$14.00 to C$15.50 and gave the stock a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada boosted their target price on Heroux Devtek from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Tuesday, October 3rd. Finally, Desjardins raised Heroux Devtek from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$15.00 to C$18.00 in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Heroux Devtek has a consensus rating of “Buy” and an average target price of C$17.17.
Shares of Heroux Devtek (HRX) traded up C$0.15 during trading hours on Tuesday, reaching C$14.95. The company had a trading volume of 7,845 shares, compared to its average volume of 33,458. Heroux Devtek has a 1 year low of C$11.06 and a 1 year high of C$16.05.
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About Heroux Devtek
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.
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