National Bank Financial Issues Positive Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its price objective increased by National Bank Financial from C$195.00 to C$215.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Hammond Power Solutions from C$154.00 to C$211.00 and gave the company a “buy” rating in a research report on Monday, October 27th. ATB Cormark Capital Markets increased their price objective on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$206.00.

Hammond Power Solutions Stock Up 1.6%

Shares of TSE:HPS.A opened at C$204.11 on Wednesday. The business has a 50-day moving average price of C$173.92 and a 200 day moving average price of C$154.99. 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 company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 30.10 and a beta of 0.51. Hammond Power Solutions has a 12-month low of C$69.29 and a 12-month high of C$217.46.

About Hammond Power Solutions

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. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.