Canaccord Genuity Group Has Lowered Expectations for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its price target cut by equities researchers at Canaccord Genuity Group from C$162.00 to C$158.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 76.93% from the stock’s previous close.

A number of other research firms have also recently commented on HPS.A. National Bankshares lowered their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday. Acumen Capital decreased their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research note on Monday.

Hammond Power Solutions Stock Down 0.1 %

Shares of TSE:HPS.A opened at C$89.30 on Monday. The company has a 50 day moving average price of C$94.87 and a two-hundred day moving average price of C$118.64. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The company has a market capitalization of C$815.31 million, a PE ratio of 16.12 and a beta of 0.84. Hammond Power Solutions has a 52 week low of C$73.98 and a 52 week 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.