Hydro One Ltd (H) Receives Average Recommendation of “Hold” from Brokerages
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.
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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.
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