Barclays Issues Pessimistic Forecast for Hydro One (TSE:H) Stock Price

Key Points

• Barclays cut its price target for Hydro One from C$66 to C$63, implying about a 6.94% upside from the stock's current price.
• Analyst consensus is "Hold" — MarketBeat shows 2 Buys and 5 Holds with an average price target of C$54.23, reflecting mixed analyst views and recent target adjustments.
• Key company metrics: H traded near C$58.91 with a market cap of C$35.3B, a PE of 26.4, high leverage (debt-to-equity ~151.7), and a 12‑month range of C$47.21–C$60.46.

Hydro One (TSE:H - Get Free Report) had its price objective cut by Barclays from C$66.00 to C$63.00 in a research report issued on Friday,BayStreet.CA reports. Barclays's target price suggests a potential upside of 6.94% from the stock's current price.

H has been the topic of a number of other reports. Jefferies Financial Group decreased their price objective on Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. TD Securities boosted their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a "hold" rating in a research note on Wednesday, February 18th. National Bank Financial upped their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a "sector perform" rating in a report on Wednesday, December 17th. Finally, Scotiabank upped their target price on Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Hydro One currently has a consensus rating of "Hold" and an average price target of C$54.23.

Hydro One Stock Performance

H stock traded up C$0.34 during mid-day trading on Friday, hitting C$58.91. The company had a trading volume of 370,265 shares, compared to its average volume of 1,248,850. The firm has a market cap of C$35.33 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. The company has a debt-to-equity ratio of 151.72, a quick ratio of 0.30 and a current ratio of 0.61. Hydro One has a 12 month low of C$47.21 and a 12 month high of C$60.46. The stock's fifty day moving average price is C$57.41 and its two-hundred day moving average price is C$54.27.

Hydro One (TSE:H - Get Free Report) last issued its earnings results on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%.The firm had revenue of C$981.00 million for the quarter. On average, analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.

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