Hydro One (TSE:H) PT Raised to C$46.00

Hydro One (TSE:H) had its target price increased by stock analysts at Wells Fargo & Company from C$42.00 to C$46.00 in a research note issued on Monday, BayStreet.CA reports. Wells Fargo & Company‘s price objective points to a potential upside of 2.98% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of Hydro One from C$39.00 to C$40.00 in a report on Thursday, August 15th. BMO Capital Markets downgraded shares of Hydro One from an “outperform” rating to a “market perform” rating in a report on Thursday, August 15th. Scotiabank dropped their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, CIBC lifted their target price on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$41.38.

Hydro One Trading Up 0.2 %

Shares of TSE:H opened at C$44.67 on Monday. The firm has a market capitalization of C$26.78 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 3.14 and a beta of 0.34. The firm has a fifty day moving average of C$41.31 and a two-hundred day moving average of C$40.36. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. Hydro One has a 12-month low of C$32.79 and a 12-month high of C$44.80.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.