Canaccord Genuity Group Issues Pessimistic Forecast for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A) had its price target lowered by Canaccord Genuity Group from C$162.00 to C$158.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. National Bankshares lowered their price target on Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a report on Monday. Acumen Capital lowered 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 Price Performance

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

Hammond Power Solutions Company Profile

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.