Hydro One Ltd (H) PT Lowered to C$24.00
Hydro One Ltd (TSE:H) had its price objective lowered by equities research analysts at TD Securities from C$25.00 to C$24.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 3.63% from the company’s previous close.
H has been the subject of several other research reports. RBC Capital Markets upped their target price on shares of Hydro One from C$26.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Scotiabank upped their target price on shares of Hydro One from C$24.50 to C$25.50 and gave the company a “sector perform” rating in a research note on Monday, August 15th. National Bank Financial raised shares of Hydro One from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$28.00 to C$27.00 in a research note on Monday. Barclays PLC lowered their price objective on shares of Hydro One from C$26.00 to C$24.00 in a research report on Monday. Finally, Royal Bank Of Canada lowered their price objective on shares of Hydro One from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Tuesday, October 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Hydro One has an average rating of “Buy” and an average target price of C$26.05.
Hydro One (TSE:H) opened at 23.17 on Monday. Hydro One has a 52-week low of $21.53 and a 52-week high of $26.80. The firm has a market cap of $13.79 billion and a price-to-earnings ratio of 18.61. The firm’s 50-day moving average is $24.47 and its 200-day moving average is $25.06.
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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