Hammond Power Solutions (TSE:HPS.A) Price Target Cut to C$158.00 by Analysts at Canaccord Genuity Group

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its price target reduced by stock analysts at Canaccord Genuity Group from C$162.00 to C$158.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 97.75% from the stock's previous close.

HPS.A has been the topic of several other reports. Acumen Capital lowered their price target on Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating on the stock in a research report on Monday. National Bankshares dropped their target price on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an "outperform" rating on the stock in a report on Monday.

Hammond Power Solutions Stock Performance

Shares of Hammond Power Solutions stock traded down C$1.51 on Monday, reaching C$79.90. 76,667 shares of the company were exchanged, compared to its average volume of 55,233. The company's 50-day moving average is C$93.55 and its two-hundred day moving average is C$118.28. The firm has a market cap of C$729.49 million, a price-to-earnings ratio of 14.42 and a beta of 0.84. 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 1-year low of C$73.98 and a 1-year high of C$160.51.

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.