Hammond Power Solutions (TSE:HPS.A) Given New C$160.00 Price Target at Acumen Capital

Hammond Power Solutions (TSE:HPS.A) had its price objective boosted by research analysts at Acumen Capital from C$156.00 to C$160.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 9.33% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a “buy” rating in a research report on Monday, July 29th. National Bankshares raised their price objective on Hammond Power Solutions from C$164.00 to C$170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th.

Hammond Power Solutions Trading Up 4.1 %

Shares of TSE HPS.A traded up C$5.80 during trading on Tuesday, reaching C$146.35. The company had a trading volume of 37,578 shares, compared to its average volume of 77,073. The company’s fifty day moving average price is C$115.72 and its 200-day moving average price is C$118.27. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 12 month low of C$46.99 and a 12 month high of C$160.51. The stock has a market cap of C$1.34 billion, a P/E ratio of 26.15 and a beta of 0.83.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.