Hydro One (TSE:H – Get Rating) had its price target increased by analysts at CSFB from C$34.50 to C$36.00 in a report issued on Tuesday, BayStreet.CA reports. CSFB’s target price points to a potential upside of 0.56% from the company’s previous close.
Several other equities analysts have also issued reports on H. TD Securities lifted their target price on shares of Hydro One from C$34.00 to C$35.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. National Bankshares raised their price target on shares of Hydro One from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 10th. Royal Bank of Canada raised their price target on shares of Hydro One from C$33.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Friday, May 6th. Scotiabank raised their price target on shares of Hydro One from C$35.00 to C$36.00 in a research report on Wednesday, August 10th. Finally, Raymond James set a C$32.00 price target on shares of Hydro One and gave the company a “market perform” rating in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$35.89.
Hydro One Trading Up 0.2 %
Shares of Hydro One stock traded up C$0.08 during trading on Tuesday, reaching C$35.80. 314,385 shares of the stock were exchanged, compared to its average volume of 1,287,380. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 129.22. Hydro One has a 1 year low of C$29.13 and a 1 year high of C$36.44. The stock’s fifty day moving average is C$35.11 and its 200 day moving average is C$34.32. The firm has a market cap of C$21.43 billion and a price-to-earnings ratio of 21.06.
Hydro One (TSE:H – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported C$0.42 EPS for the quarter, hitting the consensus estimate of C$0.42. The company had revenue of C$1.84 billion during the quarter. As a group, equities research analysts expect that Hydro One will post 1.7 earnings per share for the current fiscal year.
About Hydro One
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.