Hydro One (H) Price Target Raised to C$22.00

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Hydro One (TSE:H) had its price objective hoisted by Royal Bank of Canada from C$21.00 to C$22.00 in a research note issued to investors on Friday. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 8.64% from the company’s previous close.

H has been the topic of several other reports. Raymond James restated a “market perform” rating on shares of Hydro One in a research report on Wednesday, February 13th. National Bank Financial raised their price objective on shares of Hydro One from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Thursday, December 6th. Finally, CIBC raised their price objective on shares of Hydro One from C$19.75 to C$20.00 in a research report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$20.80.

Shares of H stock traded down C$0.30 on Friday, hitting C$20.25. 984,003 shares of the stock traded hands, compared to its average volume of 792,658. The company has a market capitalization of $12.25 billion and a price-to-earnings ratio of 15.70. Hydro One has a 52 week low of C$18.57 and a 52 week high of C$21.60. The company has a debt-to-equity ratio of 118.23, a current ratio of 0.69 and a quick ratio of 0.63.

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 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

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Analyst Recommendations for Hydro One (TSE:H)

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