Héroux-Devtek (TSE:HRX) Reaches New 1-Year High at $20.30

Héroux-Devtek Inc. (TSE:HRX)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$20.30 and last traded at C$20.28, with a volume of 8977 shares. The stock had previously closed at C$20.06.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. National Bankshares lifted their target price on Héroux-Devtek from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Desjardins upped their target price on shares of Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. TD Securities raised shares of Héroux-Devtek from a “hold” rating to a “buy” rating and raised their price target for the company from C$19.00 to C$23.00 in a research report on Thursday, February 8th. Finally, Scotiabank upped 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 research report on Wednesday, April 10th.

Héroux-Devtek Stock Up 2.1 %

The stock has a 50 day moving average price of C$19.04 and a 200 day moving average price of C$17.11. The company has a market capitalization of C$689.49 million, a P/E ratio of 29.29, a PEG ratio of 1.02 and a beta of 1.62. The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19.

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.