Héroux-Devtek (TSE:HRX) Price Target Cut to C$18.50

Héroux-Devtek (TSE:HRX) had its target price decreased by analysts at Scotiabank from C$19.00 to C$18.50 in a research note issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 23.33% from the stock’s current price.

Separately, Desjardins reduced their price target on Héroux-Devtek from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$18.90.

Héroux-Devtek Trading Up 2.4 %

Shares of TSE:HRX opened at C$15.00 on Monday. The company has a market capitalization of C$510.15 million, a P/E ratio of 30.61, a P/E/G ratio of 1.02 and a beta of 1.63. Héroux-Devtek has a 1 year low of C$12.51 and a 1 year high of C$16.61. The company has a debt-to-equity ratio of 47.67, a current ratio of 2.04 and a quick ratio of 0.96. The business’s 50 day simple moving average is C$15.63 and its 200 day simple moving average is C$15.06.

About Héroux-Devtek

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.