BMO Capital Markets Forecasts Strong Price Appreciation for Hydro One (TSE:H) Stock

Key Points

• BMO Capital Markets raised Hydro One’s price target from C$55 to C$58, while maintaining a “market perform” rating; the new target implies just 1.43% upside.
• Analyst sentiment is mostly neutral: the consensus rating is “Hold,” with an average price target of C$57.83. Two analysts rate the stock Buy, seven Hold, and one Sell.
• Hydro One shares fell 0.4% to C$57.18 in Wednesday trading.

Hydro One (TSE:H - Get Free Report) had its price objective lifted by analysts at BMO Capital Markets from C$55.00 to C$58.00 in a report released on Wednesday, BayStreet reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets's target price indicates a potential upside of 1.43% from the stock's current price.

A number of other brokerages have also recently weighed in on H. Barclays reduced their price objective on shares of Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Royal Bank Of Canada raised their target price on shares of Hydro One from C$58.00 to C$60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce dropped their target price on shares of Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Finally, Desjardins set a C$61.00 target price on shares of Hydro One and gave the stock a "buy" rating in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$57.83.

Hydro One Stock Down 0.4%

Shares of TSE H traded down C$0.25 during mid-day trading on Wednesday, reaching C$57.18. 222,423 shares of the company traded hands, compared to its average volume of 1,355,223. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. 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 company's fifty day moving average is C$52.85 and its two-hundred day moving average is C$56.24. Hydro One has a fifty-two week low of C$50.14 and a fifty-two week high of C$60.57.

Hydro One (TSE:H - Get Free Report) last posted its earnings results on Tuesday, November 10th. The company reported C$0.68 earnings per share for the quarter. The firm had revenue of C$1.29 billion during the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. On average, analysts expect that Hydro One will post 2.06 earnings per share for the current year.

About Hydro One

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.

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