Acumen Capital Has Lowered Expectations for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its target price cut by stock analysts at Acumen Capital from C$160.00 to C$148.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price target suggests a potential upside of 65.73% from the company’s current price.

Hammond Power Solutions Trading Down 0.1 %

Shares of HPS.A stock opened at C$89.30 on Monday. The firm has a 50-day moving average price of C$94.87 and a 200 day moving average price of C$118.64. 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 company has a market capitalization of C$815.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.84. Hammond Power Solutions has a twelve month low of C$73.98 and a twelve month 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.