Hydro One (TSE:H) had its price target upped by Royal Bank of Canada from C$23.00 to C$25.00 in a research report report published on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research firms have also issued reports on H. CSFB upgraded Hydro One from an underperform rating to a neutral rating and lifted their target price for the company from C$20.00 to C$24.00 in a research note on Thursday, July 25th. CIBC lifted their target price on Hydro One from C$22.00 to C$24.00 in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their target price on Hydro One from C$23.00 to C$24.00 in a research note on Wednesday, June 26th. Raymond James lifted their target price on Hydro One from C$23.00 to C$25.00 in a research note on Friday, July 26th. Finally, Canaccord Genuity lifted their target price on Hydro One from C$20.00 to C$21.50 in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$23.39.
H opened at C$23.83 on Monday. The business’s 50-day moving average is C$23.32 and its two-hundred day moving average is C$21.96. Hydro One has a 1 year low of C$18.95 and a 1 year high of C$24.05. The company has a debt-to-equity ratio of 127.79, a current ratio of 0.32 and a quick ratio of 0.27. The firm has a market capitalization of $14.25 billion and a PE ratio of -101.40.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be paid a $0.242 dividend. This represents a $0.97 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a positive change from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s payout ratio is -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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