Heroux Devtek Inc (HRX) Trading Up 3.5%
Heroux Devtek Inc (TSE:HRX) shares were up 3.5% during trading on Monday . The company traded as high as C$13.48 and last traded at C$13.30. Approximately 8,275 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 8,552 shares. The stock had previously closed at C$12.85.
A number of research analysts have recently commented on HRX shares. Scotiabank dropped their target price on shares of Heroux Devtek from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Raymond James Financial, Inc. increased their target price on shares of Heroux Devtek from C$13.00 to C$13.25 and gave the stock a “market perform” rating in a report on Friday, May 26th. Finally, Royal Bank Of Canada started coverage on shares of Heroux Devtek in a report on Thursday, June 15th. They issued an “outperform” rating and a C$17.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$15.04.
The company has a market capitalization of $479.19 million and a PE ratio of 15.64. The company has a 50-day moving average price of $13.12 and a 200-day moving average price of $13.01.
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About Heroux Devtek
Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.
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