Hydro One Ltd (TSE:H) Receives C$23.83 Consensus PT from Brokerages
Shares of Hydro One Ltd (TSE:H) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$23.85.
A number of research analysts recently commented on the company. TD Securities increased their target price on Hydro One from C$21.00 to C$22.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Raymond James reaffirmed a “market perform” rating and set a C$25.00 price target on shares of Hydro One in a research note on Monday, August 12th. CIBC lifted their price target on Hydro One from C$22.00 to C$24.00 in a research note on Tuesday, July 23rd. UBS Group upped their price objective on Hydro One from C$21.00 to C$23.00 in a report on Friday, September 6th. Finally, National Bank Financial increased their price objective on Hydro One from C$20.00 to C$24.00 and gave the company an “underperform” rating in a research report on Monday, August 12th.
Shares of TSE H traded down C$0.09 during mid-day trading on Friday, reaching C$23.96. 659,473 shares of the company were exchanged, compared to its average volume of 740,599. Hydro One has a 52 week low of C$18.95 and a 52 week high of C$24.95. The company’s 50 day moving average price is C$23.99 and its 200 day moving average price is C$22.42. The stock has a market capitalization of $14.35 billion and a PE ratio of -74.88. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 130.07.
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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