Hydro One (TSE:H) Given New C$46.00 Price Target at Royal Bank of Canada

Hydro One (TSE:H) had its price objective upped by equities research analysts at Royal Bank of Canada from C$43.00 to C$46.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 3.63% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Scotiabank increased their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. CIBC increased their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$45.43.

Hydro One Stock Up 0.9 %

TSE H traded up C$0.41 during mid-day trading on Friday, reaching C$44.39. 221,273 shares of the company’s stock traded hands, compared to its average volume of 719,004. Hydro One has a 1-year low of C$37.27 and a 1-year high of C$48.05. The company has a fifty day simple moving average of C$44.43 and a 200-day simple moving average of C$44.90. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. The company has a market cap of C$26.61 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 3.17 and a beta of 0.34.

Insider Activity

In other news, Director Stacey Mowbray acquired 700 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares in the company, valued at approximately C$30,818.20. The trade was a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by corporate insiders.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.