Hammond Power Solutions Inc. (TSE:HPS.A – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$129.56 and traded as high as C$137.87. Hammond Power Solutions shares last traded at C$136.72, with a volume of 25,971 shares changing hands.
Analysts Set New Price Targets
A number of research firms recently commented on HPS.A. Acumen Capital upped their price objective on Hammond Power Solutions from C$156.00 to C$160.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. National Bankshares upped their price objective on Hammond Power Solutions from C$170.00 to C$175.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group upped their price objective on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a “buy” rating in a report on Monday, July 29th.
Get Our Latest Report on HPS.A
Hammond Power Solutions Stock Down 1.7 %
About Hammond Power Solutions
Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.
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