Desjardins reaffirmed their hold rating on shares of Hydro One Ltd (TSE:H) in a report released on Thursday morning. They currently have a C$24.00 price target on the stock.

H has been the topic 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 stock an outperform rating in a report 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 stock a sector perform rating in a report on Monday, August 15th. TD Securities upped 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 report on Monday, August 15th. Royal Bank Of Canada upped 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 report on Monday, August 15th. Finally, National Bank Financial upgraded shares of Hydro One from a sector perform rating to an outperform rating and reduced their price target for the stock from C$28.00 to C$27.00 in a research report on Monday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$25.86.

Analyst Recommendations for Hydro One (TSE:H)

Hydro One (TSE:H) opened at 22.88 on Thursday. The stock has a 50 day moving average of $23.96 and a 200 day moving average of $25.02. 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 $13.61 billion and a PE ratio of 18.26.

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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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