Brokerages Set Hydro One Ltd (TSE:H) Target Price at C$27.92
Shares of Hydro One Ltd (TSE:H) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$27.92.
Several brokerages have recently issued reports on H. TD Securities upgraded shares of Hydro One from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Scotiabank raised their price target on shares of Hydro One from C$28.00 to C$29.00 in a research note on Friday, March 6th. CSFB downgraded shares of Hydro One from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$27.00 to C$28.00 in a research note on Monday, January 20th. BMO Capital Markets raised shares of Hydro One from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$29.00 to C$27.00 in a research note on Monday, March 30th. Finally, Wells Fargo & Co raised their price target on shares of Hydro One from C$29.00 to C$32.00 in a research note on Thursday, February 13th.
Shares of TSE H opened at C$25.27 on Wednesday. The company’s 50-day simple moving average is C$25.52 and its 200-day simple moving average is C$25.76. Hydro One has a 52-week low of C$20.25 and a 52-week high of C$29.53. The firm has a market cap of $15.09 billion and a price-to-earnings ratio of 19.44. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 128.65.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.
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