Hammond Power Solutions (TSE:HPS.A) Stock Price Expected to Rise, National Bankshares Analyst Says

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 hoisted by research analysts at National Bankshares from C$140.00 to C$150.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price would suggest a potential upside of 28.93% from the stock's current price.

Hammond Power Solutions Stock Performance

Shares of TSE HPS.A traded up C$2.61 during trading on Friday, reaching C$116.34. The stock had a trading volume of 42,107 shares, compared to its average volume of 49,545. The stock has a market cap of C$1.39 billion, a PE ratio of 17.39 and a beta of 1.35. The firm's 50 day moving average price is C$122.96 and its two-hundred day moving average price is C$104.99. 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 Buying and Selling

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total transaction 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. The trade was a 91.29% decrease in their position. 6.02% of the stock is currently owned by insiders.

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.