Hydro One Ltd (H) Price Target Cut to C$29.00 by Analysts at RBC Capital Markets
Hydro One Ltd (TSE:H) had its price objective decreased by RBC Capital Markets from C$30.00 to C$29.00 in a research report sent to investors on Tuesday morning. RBC Capital Markets currently has an outperform rating on the stock.
Several other research firms also recently commented on H. Royal Bank Of Canada raised their target price on Hydro One from C$26.00 to C$30.00 and gave the stock an outperform rating in a research report on Monday, August 15th. CSFB lifted their price objective on Hydro One from C$24.00 to C$26.00 in a research report on Monday, July 25th. Barclays PLC set a C$27.00 price objective on Hydro One in a research report on Friday, June 17th. National Bank Financial lifted their price objective on Hydro One from C$26.00 to C$28.00 in a research report on Monday, July 18th. Finally, CIBC lifted their price objective on Hydro One from C$24.00 to C$25.00 in a research report on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Hydro One has an average rating of Buy and a consensus price target of C$26.55.
Hydro One (TSE:H) opened at 25.40 on Tuesday. Hydro One has a 52 week low of $21.53 and a 52 week high of $26.80. The company’s 50-day moving average price is $25.99 and its 200 day moving average price is $24.95. The company has a market cap of $15.11 billion and a PE ratio of 20.40.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a $0.21 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 3.31%.
About Hydro One
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.
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