Hydro One Ltd (H) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hydro One Ltd (TSE:H) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$21.50.

Several research firms have recently issued reports on H. National Bank Financial reduced their target price on Hydro One from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, November 9th. CIBC reduced their target price on Hydro One from C$20.50 to C$19.75 in a report on Friday, November 9th.

Shares of H opened at C$21.00 on Tuesday. The company has a debt-to-equity ratio of 118.23, a current ratio of 0.69 and a quick ratio of 0.63. The company has a market cap of $12.57 billion and a price-to-earnings ratio of 16.28. Hydro One has a 52 week low of C$18.57 and a 52 week high of C$21.60.

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 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

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Analyst Recommendations for Hydro One (TSE:H)

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