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

Hammond Power Solutions (TSE:HPS.A) had its price objective upped by Canaccord Genuity Group from C$167.00 to C$169.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 54.46% from the company’s previous close.

Separately, National Bankshares raised Hammond Power Solutions from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 30th.

Hammond Power Solutions Stock Performance

TSE:HPS.A traded down C$7.20 during mid-day trading on Monday, hitting C$109.41. 111,891 shares of the stock were exchanged, compared to its average volume of 77,228. The stock has a market capitalization of C$998.91 million, a price-to-earnings ratio of 23.38 and a beta of 0.82. The firm’s 50-day simple moving average is C$108.49 and its 200 day simple moving average is C$113.50. The company has a debt-to-equity ratio of 17.29, a quick ratio of 1.06 and a current ratio of 1.84. Hammond Power Solutions has a fifty-two week low of C$46.99 and a fifty-two week high of C$160.51.

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.