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

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

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

Hammond Power Solutions Stock Performance

TSE HPS.A traded down C$7.20 during trading on Monday, hitting C$109.41. The company’s stock had a trading volume of 111,891 shares, compared to its average volume of 77,228. The company has a quick ratio of 1.06, a current ratio of 1.84 and a debt-to-equity ratio of 17.29. The firm has a 50 day moving average price of C$108.49 and a 200 day moving average price of C$113.50. The firm has a market cap of C$998.91 million, a P/E ratio of 23.38 and a beta of 0.82. Hammond Power Solutions has a 52 week low of C$46.99 and a 52 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.