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

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

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

Hammond Power Solutions Trading Up 7.5 %

Shares of HPS.A opened at C$119.34 on Monday. The stock has a fifty day moving average of C$107.97 and a two-hundred day moving average of C$113.87. The company has a debt-to-equity ratio of 17.29, a quick ratio of 1.06 and a current ratio of 1.84. The company has a market capitalization of C$1.09 billion, a PE ratio of 23.71 and a beta of 0.82. 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.