Hammond Power Solutions (TSE:HPS.A) Given New C$167.00 Price Target at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A - Free Report) had its target price raised by Canaccord Genuity Group from C$85.00 to C$167.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Hammond Power Solutions Stock Up 1.0 %

Shares of HPS.A stock traded up C$1.46 during mid-day trading on Monday, reaching C$146.46. 122,803 shares of the company's stock traded hands, compared to its average volume of 62,649. The company has a market cap of C$1.34 billion, a P/E ratio of 28.33 and a beta of 0.71. The company's 50-day moving average price is C$111.11 and its 200-day moving average price is C$84.86. Hammond Power Solutions has a 12 month low of C$34.82 and a 12 month high of C$148.12. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 14.88.

About Hammond Power Solutions

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.