National Bankshares Issues Pessimistic Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its price objective dropped by stock analysts at National Bankshares from C$170.00 to C$140.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 56.77% from the stock’s previous close.

Separately, Acumen Capital dropped 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 report on Monday.

Hammond Power Solutions Trading Down 0.1 %

Hammond Power Solutions stock opened at C$89.30 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 quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The stock has a market cap of C$815.31 million, a P/E ratio of 16.12 and a beta of 0.84. The company’s fifty day simple moving average is C$94.87 and its 200-day simple moving average is C$118.64.

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.