Hydro One (TSE:H) Given New C$43.00 Price Target at Royal Bank of Canada

Hydro One (TSE:H) had its target price hoisted by Royal Bank of Canada from C$41.00 to C$43.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock.

A number of other research firms have also issued reports on H. BMO Capital Markets upped their price target on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. National Bankshares upped their price target on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Raymond James upped their price target on Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Wells Fargo & Company upped their price target on Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th. Finally, CIBC upped their price target on Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One currently has a consensus rating of “Hold” and an average price target of C$43.00.

Hydro One Price Performance

The firm’s 50 day moving average price is C$44.97 and its 200 day moving average price is C$41.49. Hydro One has a fifty-two week low of C$33.91 and a fifty-two week high of C$48.05. The firm has a market capitalization of C$26.75 billion, a PE ratio of 23.86, a P/E/G ratio of 3.14 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11.

Hydro One (TSE:H) last announced its earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The business had revenue of C$2.03 billion during the quarter. As a group, research analysts anticipate that Hydro One will post 1.9902525 EPS for the current fiscal year.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.