National Bankshares Raises Hammond Power Solutions (TSE:HPS.A) Price Target to C$170.00

Hammond Power Solutions (TSE:HPS.A) had its target price boosted by National Bankshares from C$164.00 to C$170.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Canaccord Genuity Group boosted their price objective on Hammond Power Solutions from C$167.00 to C$169.00 and gave the stock a buy rating in a research note on Monday, July 29th.

Hammond Power Solutions Price Performance

Hammond Power Solutions stock opened at C$123.63 on Tuesday. Hammond Power Solutions has a 1 year low of C$46.99 and a 1 year high of C$160.51. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm has a 50 day moving average price of C$109.38 and a 200 day moving average price of C$116.67. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 22.32 and a beta of 0.84.

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.