Hydro One (TSE:H – Get Rating) had its price target increased by analysts at Scotiabank from C$32.00 to C$34.00 in a report issued on Tuesday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential downside of 1.31% from the stock’s current price.
Several other research firms also recently issued reports on H. CSFB downgraded Hydro One from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from C$34.00 to C$36.00 in a report on Wednesday, April 13th. CIBC boosted their price objective on Hydro One from C$34.00 to C$35.00 in a report on Tuesday, January 11th. Raymond James set a C$32.00 target price on shares of Hydro One and gave the company a “market perform” rating in a research note on Monday, February 28th. Finally, Credit Suisse Group cut shares of Hydro One to an “underperform” rating and set a C$34.00 price target for the company. in a research report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$32.88.
Shares of TSE:H traded down C$0.01 during midday trading on Tuesday, reaching C$34.45. The company’s stock had a trading volume of 201,491 shares, compared to its average volume of 1,436,599. Hydro One has a fifty-two week low of C$29.13 and a fifty-two week high of C$35.56. The company has a market capitalization of C$20.61 billion and a P/E ratio of 21.41. The company has a debt-to-equity ratio of 134.23, a current ratio of 0.61 and a quick ratio of 0.51. The business’s fifty day simple moving average is C$32.90 and its 200-day simple moving average is C$31.87.
About Hydro One (Get Rating)
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.
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