Hydro One Ltd (H) Stock Rating Upgraded by National Bank Financial
Hydro One Ltd (TSE:H) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Monday. The firm presently has a C$27.00 target price on the stock, down from their prior target price of C$28.00. National Bank Financial’s price target would indicate a potential upside of 16.58% from the company’s previous close.
H has been the subject of several other reports. RBC Capital Markets boosted their price target on Hydro One from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 15th. Scotiabank reiterated a “sector perform” rating and issued a C$25.50 price target on shares of Hydro One in a report on Friday, September 23rd. TD Securities boosted their price target on Hydro One from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Monday, August 15th. Royal Bank Of Canada cut their price target on Hydro One from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, October 4th. Finally, CIBC boosted their price target on Hydro One from C$24.00 to C$25.00 in a report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$26.05.
Shares of 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 stock has a market capitalization of $13.79 billion and a PE ratio of 18.61. The company’s 50 day moving average price is $24.47 and its 200 day moving average price is $25.06.
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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