CIBC Boosts Hydro One (TSE:H) Price Target to C$24.00

Hydro One (TSE:H) had its price objective boosted by CIBC from C$22.00 to C$24.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity boosted their target price on TransAlta Renewables from C$12.50 to C$13.00 in a research note on Monday, April 29th. Royal Bank of Canada reissued a sell rating on shares of CI Financial in a research note on Friday, May 10th. CSFB boosted their target price on Pembina Pipeline from C$54.00 to C$58.00 in a research note on Thursday, April 25th. Raymond James reissued a buy rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. Finally, BMO Capital Markets reissued a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$22.17.

Hydro One stock opened at C$23.36 on Tuesday. Hydro One has a 52 week low of C$18.74 and a 52 week high of C$23.56. The business’s 50-day simple moving average is C$23.06. The company has a debt-to-equity ratio of 127.79, a quick ratio of 0.27 and a current ratio of 0.32. The stock has a market capitalization of $13.90 billion and a PE ratio of -99.40.

Hydro One (TSE:H) last posted its earnings results on Thursday, May 9th. The company reported C$0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.45 by C$0.07. The business had revenue of C$1.76 billion for the quarter. Equities research analysts predict that Hydro One will post 1.4093957 EPS for the current year.

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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