Acumen Capital Boosts Hammond Power Solutions (TSE:HPS.A) Price Target to C$160.00

Hammond Power Solutions (TSE:HPS.A) had its price target increased by Acumen Capital from C$156.00 to C$160.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on HPS.A. National Bankshares boosted their price target on Hammond Power Solutions from C$164.00 to C$170.00 and gave the company an outperform rating in a report on Tuesday, August 27th. Canaccord Genuity Group boosted their target price on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a buy rating in a research note on Monday, July 29th.

Hammond Power Solutions Trading Down 1.6 %

Shares of HPS.A opened at C$135.90 on Tuesday. The firm has a fifty day simple moving average of C$118.55 and a two-hundred day simple moving average of C$118.88. Hammond Power Solutions has a twelve month low of C$47.99 and a twelve month high of C$160.51. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 24.53 and a beta of 0.83. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Hammond Power Solutions Company Profile

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.