Hammond Power Solutions (TSE:HPS.A) Given New C$150.00 Price Target at National Bankshares

Key Points

• Hammond Power Solutions saw its price target increased by National Bankshares from C$140.00 to C$150.00, indicating a potential upside of 32.54% from its previous close.
• The company's stock traded up by C$0.59 to reach C$113.17 on Friday, with a market capitalization of C$1.35 billion.
• Insider John Henry Bailey sold 325 shares at an average price of C$116.85, significantly reducing their stake in the company by 91.29%.

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its target price upped by analysts at National Bankshares from C$140.00 to C$150.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 32.54% from the stock's previous close.

Hammond Power Solutions Stock Performance

Shares of TSE:HPS.A traded up C$0.59 on Friday, hitting C$113.17. 41,056 shares of the company were exchanged, compared to its average volume of 49,499. The company's 50 day moving average price is C$124.08 and its two-hundred day moving average price is C$104.17. The firm has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 16.92 and a beta of 1.35. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. Hammond Power Solutions has a one year low of C$69.29 and a one year high of C$152.99.

Insider Transactions at Hammond Power Solutions

In other news, Senior Officer John Henry Bailey sold 325 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total value of C$37,976.25. Following the completion of the transaction, the insider owned 31 shares in the company, valued at approximately C$3,622.35. This represents a 91.29% decrease in their position. 6.02% of the stock is owned by company insiders.

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.

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