Hydro One (TSE:H) Given a C$66.00 Price Target at Barclays

Hydro One (TSE:H) has been assigned a C$66.00 price target by equities research analysts at Barclays in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 13.40% from the company’s current price.

A number of other brokerages have also weighed in on H. National Bank Financial raised their target price on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Scotiabank increased their price target on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. Jefferies Financial Group dropped their price objective on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Finally, TD Securities upped their target price on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$54.50.

Hydro One Price Performance

H stock traded up C$0.75 during trading on Wednesday, hitting C$58.20. The company had a trading volume of 338,503 shares, compared to its average volume of 1,273,664. The company has a fifty day moving average price of C$56.70 and a two-hundred day moving average price of C$53.87. Hydro One has a fifty-two week low of C$46.45 and a fifty-two week high of C$60.46. The company has a market cap of C$34.91 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.17 and a beta of 0.33. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 151.72.

Hydro One (TSE:H) last announced its earnings results on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. Hydro One had a net margin of 14.81% and a return on equity of 10.73%. The business had revenue of C$981.00 million during the quarter. Equities research analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

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. The province of Ontario holds an approximate 47% common equity stake.