Scotia Forecasts Strong Price Appreciation for Hydro One (TSE:H) Stock

Hydro One (TSE:H) had its price objective raised by Scotia from C$53.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotia’s target price would suggest a potential upside of 0.69% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. TD Securities lifted their target price on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Jefferies Financial Group reduced their target price on Hydro One from C$52.00 to C$50.00 in a research report on Wednesday, January 28th. Barclays reduced their target price on Hydro One from C$66.00 to C$63.00 in a research report on Friday, April 10th. Finally, Raymond James Financial lifted their target price on Hydro One from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$56.64.

Hydro One Stock Performance

Shares of TSE:H opened at C$57.60 on Thursday. The company has a debt-to-equity ratio of 149.17, a current ratio of 0.54 and a quick ratio of 0.30. The business’s 50 day moving average price is C$58.37 and its 200-day moving average price is C$55.61. The firm has a market capitalization of C$34.57 billion, a PE ratio of 25.83, a P/E/G ratio of 3.17 and a beta of 0.38. Hydro One has a 1 year low of C$47.54 and a 1 year high of C$60.46.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%.The firm had revenue of C$1.22 billion for the quarter. As a group, equities research analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Key Stories Impacting Hydro One

Here are the key news stories impacting Hydro One this week:

• Positive Sentiment: Scotiabank increased its FY2026 EPS estimate for Hydro One to C$2.31 from C$2.27 and its FY2027 estimate to C$2.36 from C$2.34, signaling slightly stronger expected earnings.
• Positive Sentiment: BMO Capital Markets, TD, National Bank Financial, and Scotia all lifted their price targets to the C$56-C$58 range after the company’s earnings update, reflecting improved analyst sentiment. Analyst ratings update
• Positive Sentiment: Hydro One also announced a dividend increase alongside higher quarterly earnings, reinforcing its appeal as a defensive, income-oriented utility stock. Hydro One lifts dividend with rise in quarterly earnings
• Neutral Sentiment: Despite the target hikes, several firms kept only hold/sector perform-style ratings, suggesting analysts see the stock as fairly valued rather than a clear buy.
• Neutral Sentiment: Hydro One’s latest quarterly earnings call transcript is also available for investors reviewing management commentary and guidance. Hydro One Q1 2026 earnings call transcript

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. The province of Ontario holds an approximate 47% common equity stake.