TD Securities Increases Hydro One (TSE:H) Price Target to C$23.00
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.
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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