Hydro One (TSE:H) Price Target Raised to C$25.00 at BMO Capital Markets

Hydro One (TSE:H) had its price objective lifted by BMO Capital Markets from C$24.00 to C$25.00 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other brokerages have also issued reports on H. Raymond James restated a market perform rating and issued a C$25.00 target price on shares of Hydro One in a research note on Monday, August 12th. CIBC raised their target price on Hydro One from C$22.00 to C$24.00 in a research note on Tuesday, July 23rd. UBS Group raised their target price on Hydro One from C$21.00 to C$23.00 in a research note on Friday, September 6th. TD Securities raised their target price on Hydro One from C$21.00 to C$22.00 and gave the stock a hold rating in a research note on Monday, August 12th. Finally, National Bank Financial raised their target price on Hydro One from C$20.00 to C$24.00 and gave the stock an underperform rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Hydro One currently has a consensus rating of Hold and a consensus price target of C$23.85.

Hydro One stock opened at C$24.15 on Monday. The company has a debt-to-equity ratio of 130.07, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market capitalization of $14.35 billion and a price-to-earnings ratio of -75.47. Hydro One has a 1-year low of C$18.95 and a 1-year high of C$24.95. The business has a fifty day moving average price of C$23.99 and a 200-day moving average price of C$22.42.



The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be paid a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a positive change from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s payout ratio is currently -291.09%.

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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