CIBC Raises Hydro One (TSE:H) Price Target to C$46.00

Hydro One (TSE:H) had its target price upped by equities researchers at CIBC from C$45.00 to C$46.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 4.50% from the company’s current price.

A number of other research firms also recently weighed in on H. Royal Bank of Canada raised their price target 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 upped their price target on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hydro One presently has a consensus rating of “Hold” and an average target price of C$43.25.

Hydro One Stock Down 0.4 %

Shares of TSE H traded down C$0.18 during trading hours on Wednesday, hitting C$44.02. The stock had a trading volume of 178,071 shares, compared to its average volume of 531,205. The company has a market capitalization of C$26.39 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.17 and a beta of 0.34. The firm’s 50-day moving average price is C$44.82 and its two-hundred day moving average price is C$43.89. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. Hydro One has a 52 week low of C$37.27 and a 52 week high of C$48.05.

Insider Buying and Selling at Hydro One

In related news, Director Stacey Mowbray bought 700 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased 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 directly owns 700 shares in the company, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 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.