Hammond Power Solutions (TSE:HPS.A) Price Target Cut to C$158.00 by Analysts at Canaccord Genuity Group

Posted by ABMN Staff on Mar 25th, 2025

Hammond Power Solutions (TSE:HPS.A – Free Report) had its price objective decreased 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.

A number of other analysts have also weighed in on the company. 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 report on Monday. National Bankshares reduced 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 research report on Monday.

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Hammond Power Solutions Price Performance

Shares of HPS.A opened at C$89.39 on Monday. 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 50 day moving average price of C$95.40 and a 200-day moving average price of C$118.82. Hammond Power Solutions has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51. The stock has a market capitalization of C$816.13 million, a PE ratio of 16.14 and a beta of 0.84.

About Hammond Power Solutions

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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.