Hydro One (TSE:H) had its price target cut by analysts at National Bank Financial from C$25.00 to C$24.00 in a research report issued on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 18.58% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets set a C$23.50 price objective on shares of Hydro One and gave the company a “market perform” rating in a research note on Wednesday. TD Securities decreased their price objective on shares of Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hydro One has an average rating of “Hold” and an average target price of C$25.05.

Hydro One (TSE H) traded down C$0.25 during trading hours on Wednesday, reaching C$20.24. The company had a trading volume of 446,239 shares, compared to its average volume of 717,654. The stock has a market capitalization of $12,200.00 and a price-to-earnings ratio of 19.09. Hydro One has a 52-week low of C$20.10 and a 52-week high of C$24.66.

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Hydro One Company Profile

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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