Hammond Power Solutions (TSE:HPS.A) Price Target Cut to C$158.00 by Analysts at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A) had its price objective cut by analysts at Canaccord Genuity Group from C$162.00 to C$158.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 79.08% from the company’s previous close.

A number of other equities research analysts also recently issued reports on HPS.A. Acumen Capital cut their price objective on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research report on Monday. National Bankshares lowered their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday.

Hammond Power Solutions Stock Up 2.6 %

Hammond Power Solutions stock traded up C$2.26 during mid-day trading on Monday, hitting C$88.23. The company had a trading volume of 32,000 shares, compared to its average volume of 54,031. The company has a market capitalization of C$805.54 million, a PE ratio of 15.93 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 12 month low of C$73.98 and a 12 month high of C$160.51. The stock’s 50 day moving average price is C$95.85 and its two-hundred day moving average price is C$119.00.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India.