Hammond Power Solutions (TSE:HPS.A) Price Target Increased to C$167.00 by Analysts at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.AFree Report) had its price target lifted 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 Price Performance

Hammond Power Solutions stock opened at C$146.46 on Monday. The business has a 50-day moving average of C$111.11 and a 200-day moving average of C$84.86. Hammond Power Solutions has a 1 year low of C$34.82 and a 1 year high of C$148.12. The firm has a market capitalization of C$1.34 billion, a P/E ratio of 28.33 and a beta of 0.71. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 14.88.

Hammond Power Solutions Company Profile

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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.

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