Shares of Hydro One Ltd (TSE:H) have received a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$25.75.

Several equities analysts have commented on the stock. CSFB reiterated a “neutral” rating and issued a C$26.00 price objective on shares of Hydro One in a report on Monday, August 14th. Barclays PLC decreased their price objective 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 objective on shares of Hydro One and gave the company an “outperform” rating in a report on Thursday, August 10th. Scotiabank decreased their price objective 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 10th. Finally, CIBC upgraded shares of Hydro One from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$27.00 to C$28.00 in a report on Thursday, August 10th.

Hydro One (TSE H) opened at 22.45 on Wednesday. The company has a 50-day moving average of $22.66 and a 200-day moving average of $23.08. The firm has a market capitalization of $13.37 billion and a price-to-earnings ratio of 20.71. Hydro One has a 1-year low of $21.32 and a 1-year high of $24.67.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 11th. This represents a $0.88 annualized dividend and a dividend yield of 3.92%.

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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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