Hydro One (TSE:H – Get Rating) had its target price lifted by investment analysts at CIBC from C$36.00 to C$39.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 7.88% from the company’s previous close.
Several other analysts have also recently weighed in on H. BMO Capital Markets dropped their price objective on Hydro One from C$38.00 to C$37.00 in a report on Tuesday, September 20th. Royal Bank of Canada boosted their target price on Hydro One from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 14th. CSFB boosted their target price on Hydro One from C$34.00 to C$36.00 in a research report on Monday, November 21st. National Bankshares boosted their target price on Hydro One from C$31.00 to C$32.00 in a research report on Monday, November 14th. Finally, Scotiabank boosted their target price on Hydro One from C$33.00 to C$34.00 in a research report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$34.44.
Hydro One Trading Down 0.8 %
TSE:H traded down C$0.29 on Tuesday, hitting C$36.15. 329,096 shares of the stock were exchanged, compared to its average volume of 651,896. The stock has a market capitalization of C$21.64 billion and a price-to-earnings ratio of 21.00. Hydro One has a 52 week low of C$30.52 and a 52 week high of C$38.27. The company has a debt-to-equity ratio of 128.25, a quick ratio of 0.30 and a current ratio of 0.38. The company’s 50-day moving average price is C$36.05 and its 200 day moving average price is C$35.10.
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.