TD Securities Increases Héroux-Devtek (TSE:HRX) Price Target to C$28.00

Héroux-Devtek (TSE:HRX) had its target price hoisted by analysts at TD Securities from C$23.00 to C$28.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 21.21% from the stock’s current price.

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

Héroux-Devtek Stock Performance

HRX opened at C$23.10 on Thursday. The business’s 50 day moving average is C$19.27 and its 200-day moving average is C$17.23. The stock has a market cap of C$777.32 million, a PE ratio of 33.00, a price-to-earnings-growth 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 twelve month low of C$13.09 and a twelve month 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.