National Bank Financial Forecasts Strong Price Appreciation for Hydro One (TSE:H) Stock

Key Points

• National Bank Financial raised its Hydro One price target to C$62 from C$61, while maintaining a “sector perform” rating; the new target implies 8.68% upside from the prior close.
• Analyst sentiment is broadly neutral: the consensus rating is “Hold” with a C$57.92 target, based on two Buy, seven Hold, and one Sell rating.
• Hydro One shares traded at C$57.05, and the company reported quarterly EPS of C$0.68 on revenue of C$1.29 billion.

Hydro One (TSE:H - Get Free Report) had its target price increased by analysts at National Bank Financial from C$61.00 to C$62.00 in a report issued on Thursday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 8.68% from the company's previous close.

H has been the topic of a number of other research reports. Barclays cut their price target on shares of Hydro One from C$63.00 to C$61.00 in a research report on Thursday, August 13th. TD lifted their price objective on Hydro One from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on Hydro One from C$55.00 to C$58.00 and gave the company a "market perform" rating in a research note on Wednesday. Canadian Imperial Bank of Commerce dropped their price objective on Hydro One from C$59.00 to C$56.00 in a research note on Tuesday, September 22nd. Finally, Royal Bank Of Canada upped their target price on Hydro One from C$58.00 to C$60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$57.92.

Hydro One Price Performance

Shares of Hydro One stock traded up C$0.01 during midday trading on Thursday, hitting C$57.05. 377,058 shares of the company traded hands, compared to its average volume of 1,353,629. The firm's fifty day moving average price is C$52.93 and its 200-day moving average price is C$56.26. The stock has a market cap of C$34.24 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 3.17 and a beta of 0.40. Hydro One has a 12 month low of C$50.14 and a 12 month high of C$60.57. The company has a debt-to-equity ratio of 149.86, a quick ratio of 0.30 and a current ratio of 0.69.

Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.68 earnings per share (EPS) for the quarter. The business had revenue of C$1.29 billion during the quarter. Hydro One had a net margin of 14.49% and a return on equity of 10.89%. As a group, sell-side analysts forecast that Hydro One will post 2.06 earnings per share 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.

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