Hydro One (H) Stock Rating Reaffirmed by Raymond James

Hydro One (TSE:H)‘s stock had its “market perform” rating reaffirmed by investment analysts at Raymond James in a report released on Wednesday.

Several other research firms also recently commented on H. National Bank Financial upped their price objective on shares of Hydro One from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, December 6th. CIBC decreased their price objective on shares of Hydro One from C$20.50 to C$19.75 in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$21.50.

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TSE:H opened at C$20.83 on Wednesday. Hydro One has a one year low of C$18.57 and a one year high of C$21.60. The firm has a market capitalization of $12.36 billion and a price-to-earnings ratio of 16.15. The company has a debt-to-equity ratio of 118.23, a quick ratio of 0.63 and a current ratio of 0.69.

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 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

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