Hydro One (TSE:H) had its price target increased by Royal Bank of Canada from C$22.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
H has been the topic of a number of other research reports. CIBC upped their price target on shares of Hydro One from C$21.00 to C$22.00 in a research report on Wednesday, April 24th. Raymond James reaffirmed a market perform rating on shares of Hydro One in a research report on Wednesday, February 13th. National Bank Financial cut shares of Hydro One from a sector perform rating to an underperform rating and cut their price target for the company from C$23.00 to C$19.00 in a research report on Friday, February 22nd. Canaccord Genuity upped their price target on shares of Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. Finally, CSFB upped their price target on shares of Hydro One from C$19.00 to C$20.00 in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$21.55.
Shares of H opened at C$21.97 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 127.53. The firm has a market cap of $13.06 billion and a price-to-earnings ratio of -92.70. Hydro One has a 12 month low of C$18.57 and a 12 month high of C$22.00.
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 123,000 circuit kilometers of low-voltage distribution network.
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