Héroux-Devtek (TSE:HRX) PT Raised to C$28.00

Héroux-Devtek (TSE:HRX) had its price target lifted by equities researchers at TD Securities from C$23.00 to C$28.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 20.43% from the stock’s previous close.

A number of other equities research analysts have also issued reports on HRX. Desjardins boosted their price target on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a report on Thursday. National Bankshares raised their target price on Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank upped their price target on Héroux-Devtek from C$22.50 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday.

Héroux-Devtek Price Performance

Shares of TSE HRX traded up C$0.69 during mid-day trading on Thursday, reaching C$23.25. The company had a trading volume of 93,404 shares, compared to its average volume of 16,088. The company has a 50-day moving average price of C$19.17 and a two-hundred day moving average price of C$17.19. The stock has a market cap of C$782.36 million, a PE ratio of 33.21, a P/E/G ratio of 1.02 and a beta of 1.62. The company has a current ratio of 2.19, a quick ratio of 0.96 and a debt-to-equity ratio of 54.60. Héroux-Devtek has a 1-year low of C$13.09 and a 1-year high of C$23.98.

Héroux-Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.