Hydro One (H) Price Target Raised to C$23.00 at National Bank Financial

Hydro One (TSE:H) had its price objective boosted by National Bank Financial from C$21.00 to C$23.00 in a report released on Thursday morning. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also issued reports on H. CIBC increased their target price on Hydro One from C$19.75 to C$20.00 in a research report on Thursday. TD Securities decreased their target price on Hydro One from C$21.00 to C$20.00 in a research report on Wednesday, August 15th. Finally, Industrial Alliance Securities decreased their target price on Hydro One from C$24.00 to C$21.00 in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Hydro One presently has an average rating of Hold and a consensus target price of C$21.50.

Hydro One stock opened at C$21.36 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 118.23. Hydro One has a 12 month low of C$18.57 and a 12 month high of C$22.79.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Tuesday, December 11th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, December 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.31%. Hydro One’s dividend payout ratio (DPR) is 69.77%.

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 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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