Hydro One (TSE:H) had its price target lifted by Royal Bank of Canada from C$23.00 to C$25.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Several other equities analysts also recently weighed in on H. CSFB upgraded Hydro One from an underperform rating to a neutral rating and raised their target price for the company from C$20.00 to C$24.00 in a research report on Thursday, July 25th. BMO Capital Markets raised their target price on Hydro One from C$23.00 to C$24.00 in a research report on Wednesday, June 26th. CIBC raised their target price on Hydro One from C$22.00 to C$24.00 in a research report on Tuesday, July 23rd. Raymond James raised their target price on Hydro One from C$23.00 to C$25.00 in a research report on Friday, July 26th. Finally, Canaccord Genuity raised their target price on Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Hydro One presently has an average rating of Hold and an average price target of C$23.39.
Shares of H stock opened at C$23.89 on Monday. The stock has a market capitalization of $14.27 billion and a P/E ratio of -101.66. The business’s 50 day simple moving average is C$23.29. Hydro One has a 12-month low of C$18.95 and a 12-month high of C$24.05. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 127.79.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be issued a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s dividend payout ratio (DPR) is currently -396.38%.
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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