In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Photon Control (TSXV: PHO). Analyst Justin Keywood from GMP FirstEnergy reiterated a Buy rating, with a C$2.75 price target.
Keywood has an average return of 23.6% when recommending Photon Control.
According to TipRanks.com, Keywood is ranked #1618 out of 4853 analysts.
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Photon Control has an analyst consensus of Moderate Buy, with a price target consensus of C$2.75.
Based on Photon Control’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$2.88 million. In comparison, last year the company had a GAAP net loss of C$331K.
Photon Control, Inc. designs and manufactures a range of optical sensors and instruments to measure temperature, pressure, position and flow. It provides engineering services for customized optical measurement systems. The firm’s products include optical sensors, spectrometers, focus optical flow meter and downhole pressure temperature system.
The company’s shares closed on Thursday at C$2.37.
