Hammond Power Solutions (TSE:HPS.A) Price Target Increased to C$175.00 by Analysts at National Bankshares

Hammond Power Solutions (TSE:HPS.A) had its price objective hoisted by National Bankshares from C$170.00 to C$175.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 21.02% from the company’s previous close.

A number of other research firms have also commented on HPS.A. Canaccord Genuity Group upped their price target on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Acumen Capital lifted their price objective on shares of Hammond Power Solutions from C$156.00 to C$160.00 and gave the company a “buy” rating in a report on Tuesday, September 24th.

Hammond Power Solutions Stock Performance

Shares of HPS.A traded down C$5.69 during mid-day trading on Tuesday, hitting C$144.61. 45,570 shares of the company’s stock were exchanged, compared to its average volume of 77,262. Hammond Power Solutions has a 52 week low of C$54.01 and a 52 week high of C$160.51. The stock’s 50-day simple moving average is C$126.10 and its 200-day simple moving average is C$120.88. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 26.10 and a beta of 0.84.

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.