Hydro One (TSE:H) Stock Price Expected to Rise, CIBC Analyst Says

Hydro One (TSE:H) had its price objective hoisted by equities research analysts at CIBC from C$45.00 to C$46.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 4.40% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Royal Bank of Canada raised their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Raymond James raised their price objective on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$43.25.

Hydro One Price Performance

Shares of TSE:H opened at C$44.06 on Wednesday. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The business’s fifty day moving average price is C$44.80 and its two-hundred day moving average price is C$43.92. The stock has a market cap of C$26.41 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Insider Buying and Selling

In other Hydro One news, Director Stacey Mowbray bought 700 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now owns 700 shares in the company, valued at C$30,818.20. The trade was a ? increase in their ownership of the stock. 47.12% of the stock is owned by corporate insiders.

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.