Hydro One (TSE:H - Get Free Report) had its target price raised by equities research analysts at CIBC from C$45.00 to C$46.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. CIBC's price target would indicate a potential upside of 3.70% from the company's current price.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada lifted their price target on Hydro One from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research note on Thursday, October 3rd. Raymond James raised their price target on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$43.25.
Read Our Latest Research Report on Hydro One
Hydro One Stock Up 0.4 %
Shares of H stock traded up C$0.16 during trading on Wednesday, reaching C$44.36. The company's stock had a trading volume of 534,867 shares, compared to its average volume of 604,539. The company has a market cap of C$26.59 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The business has a fifty day moving average price of C$44.82 and a 200-day moving average price of C$43.89. 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 has a one year low of C$37.27 and a one year high of C$48.05.
Insider Activity at Hydro One
In other Hydro One news, Director Stacey Mowbray purchased 700 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the purchase, the director now directly owns 700 shares of the company's stock, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by company insiders.
Hydro One Company Profile
(
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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.
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