Hydro One Ltd (H) Price Target Lowered to C$29.00 at Royal Bank Of Canada
Several other brokerages also recently commented on H. RBC Capital Markets increased their price objective on shares of Hydro One from C$26.00 to C$30.00 and gave the company an outperform rating in a research report on Monday, August 15th. Scotiabank reissued a sector perform rating and set a C$25.50 price objective on shares of Hydro One in a research report on Friday, September 23rd. TD Securities increased their price objective on shares of Hydro One from C$24.00 to C$25.00 and gave the company a hold rating in a research report on Monday, August 15th. BMO Capital Markets increased their price objective on shares of Hydro One from C$24.50 to C$26.00 in a research report on Thursday, July 7th. Finally, CIBC increased their price objective on shares of Hydro One from C$24.00 to C$25.00 in a research report on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$26.55.
Shares of Hydro One (TSE:H) opened at 25.40 on Tuesday. The company has a market cap of $15.11 billion and a price-to-earnings ratio of 20.40. Hydro One has a 12 month low of $21.53 and a 12 month high of $26.80. The firm has a 50-day moving average of $25.99 and a 200 day moving average of $24.95.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Monday, September 12th.
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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