Héroux-Devtek (TSE:HRX) Price Target Raised to C$29.00 at National Bankshares

Héroux-Devtek (TSE:HRX) had its target price raised by National Bankshares from C$26.00 to C$29.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. TD Securities upgraded Héroux-Devtek from a hold rating to a buy rating and upped their price target for the company from C$19.00 to C$23.00 in a research report on Thursday, February 8th. Desjardins boosted their price objective on Héroux-Devtek from C$26.00 to C$37.00 and gave the stock a buy rating in a research note on Thursday. Finally, Scotiabank increased their price objective on shares of Héroux-Devtek from C$21.00 to C$22.50 and gave the stock an outperform rating in a report on Wednesday, April 10th.

Héroux-Devtek Price Performance

TSE:HRX opened at C$23.10 on Thursday. The company has a debt-to-equity ratio of 54.60, a current ratio of 2.19 and a quick ratio of 0.96. The stock has a market cap of C$777.32 million, a P/E ratio of 33.00, a PEG ratio of 1.02 and a beta of 1.62. The company has a fifty day moving average price of C$19.38 and a 200 day moving average price of C$17.32. Héroux-Devtek has a one year low of C$13.09 and a one year high of C$23.98.

About Héroux-Devtek

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.