National Bankshares Cuts Hammond Power Solutions (TSE:HPS.A) Price Target to C$140.00

Hammond Power Solutions (TSE:HPS.A) had its target price lowered by National Bankshares from C$170.00 to C$140.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Acumen Capital lowered their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating on the stock in a research note on Monday.

Hammond Power Solutions Trading Down 4.4 %

TSE:HPS.A opened at C$85.38 on Monday. Hammond Power Solutions has a 12 month low of C$73.98 and a 12 month high of C$160.51. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The firm’s 50 day moving average is C$94.22 and its 200 day moving average is C$118.46. The stock has a market capitalization of C$779.52 million, a PE ratio of 15.41 and a beta of 0.84.

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.