Hydro One Ltd (TSE:H) has earned an average recommendation of “Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$25.67.

Several brokerages recently issued reports on H. TD Securities reduced their price objective on shares of Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. Scotiabank reduced 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 research note on Thursday, August 17th. Barclays reduced their price objective on shares of Hydro One from C$24.00 to C$23.00 in a research note on Monday, October 2nd. Finally, CIBC reduced their price objective on shares of Hydro One from C$28.00 to C$27.50 in a research note on Monday, October 2nd.

Shares of Hydro One (TSE:H) opened at C$22.49 on Thursday. Hydro One has a 1 year low of C$21.32 and a 1 year high of C$24.66.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Monday, December 11th. Hydro One’s dividend payout ratio is currently 81.13%.

COPYRIGHT VIOLATION NOTICE: “Hydro One Ltd (H) Receives Average Recommendation of “Hold” from Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/14/hydro-one-ltd-h-receives-average-recommendation-of-hold-from-brokerages.html.

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)

Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.