Hydro One (TSE:H) Given a C$61.00 Price Target at Desjardins

Key Points

• Desjardins maintained a “buy” rating on Hydro One and set a C$61.00 price target, implying 12.13% upside from the previous close.
• Analyst sentiment is mixed: Hydro One has an overall “hold” consensus rating and an average target price of C$57.58, based on two Buy, seven Hold, and one Sell rating.
• Hydro One shares closed at C$54.40, with a C$32.65 billion market capitalization. The company reported quarterly revenue of C$1.23 billion and earnings of C$0.62 per share.

Hydro One (TSE:H - Get Free Report) received a C$61.00 price objective from equities research analysts at Desjardins in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Desjardins's target price points to a potential upside of 12.13% from the stock's previous close.

A number of other equities analysts have also recently commented on H. Royal Bank Of Canada lifted their target price on Hydro One from C$58.00 to C$60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. Barclays cut their price target on shares of Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Hydro One from C$59.00 to C$56.00 in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hydro One currently has an average rating of "Hold" and a consensus target price of C$57.58.

Hydro One Price Performance

Shares of Hydro One stock traded down C$0.03 on Tuesday, hitting C$54.40. 229,742 shares of the company traded hands, compared to its average volume of 1,349,957. The stock has a market capitalization of C$32.65 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.17 and a beta of 0.30. Hydro One has a 52 week low of C$50.14 and a 52 week high of C$60.57. 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 business has a 50-day simple moving average of C$52.40 and a 200 day simple moving average of C$56.09.

Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. The firm had revenue of C$1.23 billion during the quarter. Research analysts expect that Hydro One will post 2.06 earnings per share for the current fiscal 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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