Hammond Power Solutions (TSE:HPS.A) Price Target Lowered to C$158.00 at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A) had its target price cut by Canaccord Genuity Group from C$162.00 to C$158.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on HPS.A. National Bankshares dropped their price target on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a research note on Monday. Acumen Capital decreased their price objective on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research note on Monday.

Hammond Power Solutions Stock Up 4.0 %

Shares of HPS.A opened at C$89.39 on Monday. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The business has a fifty day moving average of C$95.40 and a 200 day moving average of C$118.82. The company has a market cap of C$816.13 million, a PE ratio of 16.14 and a beta of 0.84. Hammond Power Solutions has a 52-week low of C$73.98 and a 52-week high of C$160.51.

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.