Hydro One (TSE:H) had its target price hoisted by TD Securities from C$24.00 to C$27.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently commented on H. Wells Fargo & Co raised Hydro One from an equal weight rating to an overweight rating and boosted their target price for the stock from C$26.00 to C$29.00 in a report on Thursday, January 9th. Scotiabank upped their price target on Hydro One from C$26.00 to C$28.00 in a report on Friday, February 7th. National Bank Financial upped their price target on Hydro One from C$24.00 to C$27.00 and gave the company a sector perform rating in a report on Wednesday, January 29th. CSFB downgraded Hydro One from an outperform rating to a neutral rating and upped their price target for the company from C$27.00 to C$28.00 in a report on Monday, January 20th. Finally, Credit Suisse Group downgraded Hydro One from an outperform rating to a neutral rating and upped their price target for the company from C$27.00 to C$28.00 in a report on Monday, January 20th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Hydro One presently has a consensus rating of Hold and an average price target of C$27.46.

H stock traded up C$0.54 during midday 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 firm has a market cap of $17.16 billion and a price-to-earnings ratio of -126.84. The business has a 50-day moving average of C$26.22 and a two-hundred day moving average of C$24.93. Hydro One has a 52-week low of C$20.02 and a 52-week 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.

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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Analyst Recommendations for Hydro One (TSE:H)

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