Hydro One (TSE:H) Raised to "Hold" at TD Securities

Hydro One (TSE:H - Get Free Report) was upgraded by analysts at TD Securities to a "hold" rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has a C$52.00 target price on the stock. TD Securities' price objective points to a potential upside of 5.97% from the stock's current price.

Several other equities analysts have also issued reports on the stock. Raymond James Financial cut their price target on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group boosted their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a report on Tuesday, April 15th. Wells Fargo & Company boosted their price objective on shares of Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. Desjardins set a C$58.00 price objective on shares of Hydro One and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Hydro One from C$46.00 to C$53.00 in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$49.90.

Hydro One Trading Up 1.1%

Shares of Hydro One stock traded up C$0.51 on Friday, hitting C$49.07. 1,135,262 shares of the company traded hands, compared to its average volume of 1,074,486. The stock's 50 day moving average price is C$50.32 and its 200-day moving average price is C$47.57. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a 52 week low of C$39.40 and a 52 week high of C$53.98. The company has a market cap of C$29.42 billion, a PE ratio of 25.88, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One Company Profile

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.