Heroux Devtek (HRX) Reaches New 1-Year High at $15.50

Heroux Devtek Inc (TSE:HRX) reached a new 52-week high during trading on Tuesday . The company traded as high as C$15.50 and last traded at C$15.41, with a volume of 12902 shares. The stock had previously closed at C$15.15.

HRX has been the subject of a number of analyst reports. Desjardins lifted their price objective on shares of Heroux Devtek from C$18.00 to C$19.00 in a report on Tuesday, November 7th. TD Securities lifted their price objective on shares of Heroux Devtek from C$14.00 to C$15.50 and gave the company a “hold” rating in a report on Tuesday, October 3rd. Scotiabank lifted their price objective on shares of Heroux Devtek from C$15.50 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Royal Bank of Canada lifted their price objective on shares of Heroux Devtek from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, Raymond James Financial lifted their price objective on shares of Heroux Devtek from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$17.17.

The firm has a market capitalization of $543.41, a price-to-earnings ratio of 22.61 and a beta of 0.16.

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Heroux Devtek Company Profile

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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