Laurentian Boosts Hydro One (TSE:H) Price Target to C$27.00

Hydro One (TSE:H) had its price objective raised by Laurentian from C$24.00 to C$27.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

H has been the subject of several other reports. CSFB cut Hydro One from an outperform rating to a neutral rating and boosted their price target for the company from C$27.00 to C$28.00 in a research note on Monday, January 20th. TD Securities increased their price target on Hydro One from C$24.00 to C$27.00 and gave the stock a hold rating in a research report on Thursday. Credit Suisse Group lowered Hydro One from an outperform rating to a neutral rating and raised their price objective for the stock from C$27.00 to C$28.00 in a research note on Monday, January 20th. CIBC raised their price objective on Hydro One from C$26.00 to C$27.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Co upgraded Hydro One from an equal weight rating to an overweight rating and raised their price objective for the stock from C$26.00 to C$29.00 in a research note on Thursday, January 9th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$27.46.

H traded up C$0.54 during trading on Thursday, hitting C$29.30. The stock had a trading volume of 1,004,574 shares, compared to its average volume of 900,754. The company has a 50 day moving average price of C$26.22 and a 200-day moving average price of C$24.93. The firm has a market cap of $17.16 billion and a price-to-earnings ratio of -126.84. Hydro One has a one year low of C$20.02 and a one year high of C$29.43. The company has a debt-to-equity ratio of 127.80, a current ratio of 0.39 and a quick ratio of 0.35.

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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