Hydro One (TSE:H – Get Free Report) had its price target lowered by investment analysts at Scotiabank from C$40.00 to C$38.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential downside of 0.31% from the stock’s previous close.
H has been the topic of several other research reports. National Bankshares increased their price target on Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. TD Securities increased their target price on shares of Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. CIBC cut their price target on Hydro One from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Friday. Raymond James raised their target price on Hydro One from C$40.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada upped their target price on shares of Hydro One from C$37.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$39.56.
Read Our Latest Stock Report on Hydro One
Hydro One Trading Up 0.8 %
Hydro One (TSE:H – Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The business had revenue of C$1.98 billion during the quarter. On average, sell-side analysts predict that Hydro One will post 1.9103751 EPS for the current year.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.
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