Hammond Power Solutions (TSE:HPS.A) Price Target Raised to C$169.00 at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A) had its price target lifted by Canaccord Genuity Group from C$167.00 to C$169.00 in a research report released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, National Bankshares upgraded Hammond Power Solutions from a sector perform rating to an outperform rating in a research note on Tuesday, April 30th.

Hammond Power Solutions Trading Down 1.8 %

TSE:HPS.A opened at C$117.20 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.84 and a debt-to-equity ratio of 17.29. Hammond Power Solutions has a twelve month low of C$46.99 and a twelve month high of C$160.51. The company has a market cap of C$1.07 billion, a P/E ratio of 25.48 and a beta of 0.82. The business has a 50 day moving average price of C$107.93 and a two-hundred day moving average price of C$113.91.

About Hammond Power Solutions

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.