Hydro One Ltd (H) PT Set at C$25.50 by Scotiabank
Hydro One Ltd (TSE:H) received a C$25.50 price objective from analysts at Scotiabank in a research report issued to clients and investors on Monday. The firm currently has a a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 10.10% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. CSFB boosted their target price on shares of Hydro One from C$24.00 to C$26.00 in a research note on Monday, July 25th. CIBC boosted their target price on shares of Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. National Bank Financial boosted their target price on shares of Hydro One from C$26.00 to C$28.00 in a research note on Monday, July 18th. TD Securities boosted their target price on shares of Hydro One from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. Finally, RBC Capital Markets dropped their target price on shares of Hydro One from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Tuesday, October 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hydro One currently 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. The company has a 50-day moving average of $24.47 and a 200-day moving average of $25.06. 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.
Hydro One Company Profile
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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