Hydro One Ltd (TSE:H) Receives Consensus Recommendation of “Hold” from Analysts

Hydro One Ltd (TSE:H) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$23.85.

A number of equities research analysts recently weighed in on the company. CIBC raised their price objective on Hydro One from C$22.00 to C$24.00 in a research report on Tuesday, July 23rd. National Bank Financial raised their price objective on Hydro One from C$20.00 to C$24.00 and gave the company an “underperform” rating in a research report on Monday, August 12th. Royal Bank of Canada raised their price objective on Hydro One from C$25.00 to C$26.00 in a research report on Wednesday, August 21st. BMO Capital Markets raised their price objective on Hydro One from C$24.00 to C$25.00 in a research report on Monday. Finally, Raymond James reaffirmed a “market perform” rating and set a C$25.00 price objective on shares of Hydro One in a research report on Monday, August 12th.

H stock traded up C$0.01 during trading on Friday, reaching C$24.16. 544,714 shares of the company traded hands, compared to its average volume of 739,247. Hydro One has a 12 month low of C$18.95 and a 12 month high of C$24.95. The business has a 50 day simple moving average of C$24.01 and a 200 day simple moving average of C$22.44. The company has a market capitalization of $14.35 billion and a price-to-earnings ratio of -75.50. The company has a debt-to-equity ratio of 130.07, a quick ratio of 0.36 and a current ratio of 0.41.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a $0.242 dividend. This represents a $0.97 annualized dividend and a dividend yield of 4.01%. This is a boost from Hydro One’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 11th. Hydro One’s dividend payout ratio (DPR) is presently -291.09%.

Hydro One Company Profile

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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Analyst Recommendations for Hydro One (TSE:H)

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