TD Securities Raises Hydro One (TSE:H) Price Target to C$27.00

Hydro One (TSE:H) had its target price increased by TD Securities from C$24.00 to C$27.00 in a report published on Thursday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. National Bank Financial raised their price target on shares of Hydro One from C$24.00 to C$27.00 and gave the company a sector perform rating in a research note on Wednesday, January 29th. Credit Suisse Group lowered shares of Hydro One from an outperform rating to a neutral rating and raised their price target for the company from C$27.00 to C$28.00 in a research note on Monday, January 20th. CIBC raised their price target on shares of Hydro One from C$26.00 to C$27.00 in a research note on Thursday, January 30th. CSFB lowered shares of Hydro One from an outperform rating to a neutral rating and raised their price target for the company from C$27.00 to C$28.00 in a research note on Monday, January 20th. Finally, Wells Fargo & Co raised shares of Hydro One from an equal weight rating to an overweight rating and raised their price target for the company from C$26.00 to C$29.00 in a research note on Thursday, January 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of C$27.46.

Hydro One stock traded up C$0.54 during midday trading on Thursday, reaching C$29.30. The company had a trading volume of 1,004,574 shares, compared to its average volume of 900,754. The company has a market capitalization of $17.16 billion and a P/E ratio of -126.84. Hydro One has a 12-month low of C$20.02 and a 12-month high of C$29.43. The firm’s fifty day simple moving average is C$26.22 and its 200-day simple moving average is C$24.93. The company has a debt-to-equity ratio of 127.80, a current ratio of 0.39 and a quick ratio of 0.35.

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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Analyst Recommendations for Hydro One (TSE:H)

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