Hydro One (TSE:H) Stock Price Expected to Rise, CIBC Analyst Says

Hydro One (TSE:H) had its price target lifted by stock analysts at CIBC from C$45.00 to C$46.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 4.40% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada raised their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Raymond James increased their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$43.25.

Hydro One Stock Down 0.7 %

TSE H opened at C$44.06 on Wednesday. Hydro One has a 12 month low of C$37.27 and a 12 month high of C$48.05. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a market cap of C$26.41 billion, a PE ratio of 23.56, a P/E/G ratio of 3.17 and a beta of 0.34. The stock’s 50 day moving average is C$44.80 and its 200 day moving average is C$43.92.

Insider Activity at Hydro One

In other news, Director Stacey Mowbray acquired 700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of C$44.03 per share, for a total transaction of C$30,818.20. Following the purchase, the director now owns 700 shares in the company, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company’s stock.

Hydro One Company Profile

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.