Hydro One Ltd (H) PT Lowered to C$24.00
Hydro One Ltd (TSE:H) had its price target decreased by analysts at Barclays PLC from C$26.00 to C$24.00 in a note issued to investors on Monday. Barclays PLC’s price objective indicates a potential upside of 3.63% from the company’s previous close.
A number of other research firms also recently weighed in on H. National Bank Financial boosted their price target on shares of Hydro One from C$26.00 to C$28.00 in a research note on Monday, July 18th. CIBC boosted their price target on shares of Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. CSFB boosted their price target on shares of Hydro One from C$24.00 to C$26.00 in a research note on Monday, July 25th. RBC Capital Markets boosted their price target on shares of Hydro One from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Finally, Scotiabank boosted their price target on shares of Hydro One from C$24.50 to C$25.50 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$26.05.
Hydro One (TSE:H) opened at 23.17 on Monday. The firm has a market cap of $13.79 billion and a price-to-earnings ratio of 18.61. Hydro One has a 1-year low of $21.53 and a 1-year high of $26.80. The company has a 50-day moving average of $24.47 and a 200-day moving average of $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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