Hammond Power Solutions (TSE:HPS.A) Given New C$140.00 Price Target at National Bankshares

Hammond Power Solutions (TSE:HPS.A) had its target price cut by research analysts at National Bankshares from C$170.00 to C$140.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 58.68% from the company’s previous close.

Separately, Acumen Capital lowered their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating on the stock in a research report on Monday.

Hammond Power Solutions Stock Up 2.6 %

Shares of TSE HPS.A traded up C$2.26 during midday trading on Monday, reaching C$88.23. The company’s stock had a trading volume of 32,000 shares, compared to its average volume of 54,031. The stock has a 50 day simple moving average of C$95.85 and a 200-day simple moving average of C$119.00. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The stock has a market capitalization of C$805.54 million, a price-to-earnings ratio of 15.93 and a beta of 0.84. Hammond Power Solutions has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51.

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.