Hydro One Ltd (TSE:H) had its price objective cut by CIBC from C$28.00 to C$27.50 in a research note issued to investors on Monday morning.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets decreased their price target on shares of Hydro One from C$26.00 to C$24.00 in a report on Wednesday, July 19th. Scotiabank decreased their price target on shares of Hydro One from C$25.50 to C$24.50 and set a sector perform rating on the stock in a report on Thursday, August 17th. Barclays PLC decreased their price target on shares of Hydro One from C$26.00 to C$24.00 in a report on Monday, August 14th. National Bank Financial set a C$27.00 price target on shares of Hydro One and gave the company an outperform rating in a report on Thursday, August 10th. Finally, TD Securities lifted their price target on shares of Hydro One from C$23.00 to C$24.00 and gave the company a hold rating in a report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$25.75.

Hydro One (TSE H) opened at 22.27 on Monday. The company has a 50-day moving average price of $22.76 and a 200-day moving average price of $23.23. The firm has a market capitalization of $13.26 billion and a PE ratio of 20.54. Hydro One has a 12-month low of $21.32 and a 12-month high of $24.99.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Monday, September 11th.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.

Analyst Recommendations for Hydro One (TSE:H)

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