TD Forecasts Strong Price Appreciation for Hydro One (TSE:H) Stock

Hydro One (TSE:H) had its price target boosted by research analysts at TD from C$58.00 to C$59.00 in a report issued on Wednesday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. TD‘s price target suggests a potential upside of 3.18% from the stock’s previous close.

A number of other research firms have also recently issued reports on H. Desjardins set a C$61.00 price objective on Hydro One and gave the stock a “buy” rating in a report on Tuesday, October 27th. Canadian Imperial Bank of Commerce decreased their price objective on Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Royal Bank Of Canada boosted their target price on Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Barclays cut their target price on Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Finally, BMO Capital Markets increased their price target on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$57.83.

Hydro One Price Performance

Shares of H traded down C$0.25 during trading hours on Wednesday, reaching C$57.18. 222,423 shares of the company’s stock traded hands, compared to its average volume of 1,355,223. Hydro One has a 12 month low of C$50.14 and a 12 month high of C$60.57. The company has a current ratio of 0.88, a quick ratio of 0.30 and a debt-to-equity ratio of 154.61. The stock has a market cap of C$34.31 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 3.17 and a beta of 0.40. The firm’s 50 day simple moving average is C$52.85 and its 200-day simple moving average is C$56.24.

Hydro One (TSE:H) last released its earnings results on Tuesday, November 10th. The company reported C$0.68 EPS for the quarter. The business had revenue of C$1.29 billion for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. Equities analysts expect that Hydro One will post 2.06 EPS for the current year.

Hydro One Company Profile

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3 billion of goods and services.