Heroux-Devtek (HRX) Receives a Buy from RBC Capital

Heroux-Devtek (HRXResearch Report), the Consumer Goods sector company, was revisited by a Wall Street analyst on August 9. The Consumer Goods sector company, Heroux-Devtek (TSX: HRX) has received a rating update from a Wall Street analyst on August 9.

According to TipRanks.com, Spronck is a 4-star analyst with an average return of 4.6% and a 56.9% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Republic Services.

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Heroux-Devtek has an analyst consensus of Strong Buy, with a price target consensus of C$23, which is a 22.8% upside from current levels. In a report issued on August 12, Desjardins also reiterated a Buy rating on the stock with a C$24 price target.

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The company has a one-year high of C$20.30 and a one-year low of C$11.05. Currently, Heroux-Devtek has an average volume of 35.75K.

Héroux-Devtek, Inc. engages in the design, development, manufacture and overhaul of landing gear systems and components. It also includes 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.

The company’s shares closed last Wednesday at C$18.50.