BMO Capital Markets Boosts Hydro One (TSE:H) Price Target to C$28.00

Hydro One (TSE:H) had its price objective lifted by BMO Capital Markets from C$27.00 to C$28.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group downgraded Hydro One from an outperform rating to a neutral rating and upped their price target for the stock from C$27.00 to C$28.00 in a research report on Monday, January 20th. National Bank Financial boosted their price objective on shares of Hydro One from C$24.00 to C$27.00 and gave the company a sector perform rating in a report on Wednesday, January 29th. TD Securities boosted their price objective on shares of Hydro One from C$24.00 to C$27.00 and gave the company a hold rating in a report on Thursday. Raymond James reissued a market perform rating and set a C$25.00 price objective on shares of Hydro One in a report on Friday, November 8th. Finally, Laurentian boosted their price objective on shares of Hydro One from C$24.00 to C$27.00 in a report on Thursday. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of C$27.46.

Shares of H stock traded up C$0.54 during trading hours on Thursday, reaching C$29.30. 1,006,322 shares of the company’s stock were exchanged, compared to its average volume of 900,754. The stock’s 50 day moving average is C$26.22 and its 200-day moving average is C$24.93. The company has a market cap of $17.16 billion and a price-to-earnings ratio of -126.84. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 127.80. Hydro One has a fifty-two week low of C$20.02 and a fifty-two week high of C$29.43.

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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Analyst Recommendations for Hydro One (TSE:H)

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