Hydro One (TSE:H) Price Target Increased to C$35.00 by Analysts at Scotiabank

Hydro One (TSE:HGet Rating) had its target price hoisted by Scotiabank from C$34.00 to C$35.00 in a research report released on Friday, BayStreet.CA reports.

Several other brokerages also recently commented on H. Credit Suisse Group downgraded shares of Hydro One to an underperform rating and set a C$34.00 price target for the company. in a research report on Wednesday, April 13th. Royal Bank of Canada lifted their target price on shares of Hydro One from C$33.00 to C$37.00 and gave the company a sector perform rating in a research note on Friday. Raymond James set a C$32.00 price target on shares of Hydro One and gave the company a market perform rating in a research report on Monday, February 28th. CIBC lifted their price objective on Hydro One from C$35.00 to C$36.00 in a research note on Thursday, April 21st. Finally, CSFB lowered shares of Hydro One from a neutral rating to an underperform rating and upped their price objective for the company from C$34.00 to C$36.00 in a research report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Hydro One has an average rating of Hold and an average target price of C$33.88.

Shares of Hydro One stock opened at C$35.59 on Friday. The business’s 50 day simple moving average is C$33.96 and its 200-day simple moving average is C$32.39. The stock has a market capitalization of C$21.29 billion and a price-to-earnings ratio of 22.11. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 134.23. Hydro One has a twelve month low of C$29.13 and a twelve month high of C$36.09.

Hydro One (TSE:HGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported C$0.26 earnings per share for the quarter, hitting the consensus estimate of C$0.26. The company had revenue of C$1.78 billion during the quarter. Sell-side analysts predict that Hydro One will post 1.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 8th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, June 7th. This is a boost from Hydro One’s previous quarterly dividend of $0.27. Hydro One’s payout ratio is presently 65.37%.

About Hydro One (Get Rating)

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

Featured Stories

Analyst Recommendations for Hydro One (TSE:H)

Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.