Hydro One (TSE:H) had its target price increased by investment analysts at TD Securities from C$22.00 to C$23.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 2.67% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Raymond James reiterated 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 increased their price target on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, October 23rd. CSFB upgraded Hydro One from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$24.00 to C$27.00 in a research note on Monday, August 19th. National Bank Financial increased their price target on Hydro One from C$20.00 to C$24.00 and gave the stock an “underperform” rating in a research note on Monday, August 12th. Finally, UBS Group increased their price target on Hydro One from C$21.00 to C$23.00 in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Hydro One currently has an average rating of “Hold” and an average price target of C$24.39.

Shares of TSE:H opened at C$23.63 on Friday. The company has a market capitalization of $14.19 billion and a PE ratio of -73.84. The company has a debt-to-equity ratio of 130.07, a current ratio of 0.41 and a quick ratio of 0.36. The business has a fifty day moving average price of C$24.43 and a two-hundred day moving average price of C$23.48. Hydro One has a 1 year low of C$19.20 and a 1 year high of C$25.06.

Hydro One (TSE:H) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.04. The business had revenue of C$1.59 billion during the quarter. Sell-side analysts anticipate that Hydro One will post 1.42 earnings per share for the current year.

About Hydro One

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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Analyst Recommendations for Hydro One (TSE:H)

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