Hydro One Ltd (TSE:H) shares hit a new 52-week high during trading on Monday . The company traded as high as C$23.16 and last traded at C$23.12, with a volume of 190709 shares changing hands. The stock had previously closed at C$22.92.
A number of research analysts recently commented on the stock. BMO Capital Markets increased their price target on shares of Hydro One from C$22.00 to C$23.00 in a report on Friday, May 10th. Royal Bank of Canada increased their price target on shares of Hydro One from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a report on Friday, May 10th. CIBC increased their price target on shares of Hydro One from C$21.00 to C$22.00 in a report on Wednesday, April 24th. Raymond James reaffirmed a “market perform” rating on shares of Hydro One in a report on Wednesday, February 13th. Finally, National Bank Financial downgraded shares of Hydro One from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from C$23.00 to C$19.00 in a report on Friday, February 22nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Hydro One currently has a consensus rating of “Hold” and a consensus price target of C$21.39.
The company has a debt-to-equity ratio of 127.79, a quick ratio of 0.27 and a current ratio of 0.32. The company has a market capitalization of $13.61 billion and a PE ratio of -96.72.
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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