Hydro One (TSE:H) has been assigned a C$23.50 price target by equities researchers at BMO Capital Markets in a report issued on Wednesday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 15.65% from the stock’s current price.
Several other research firms have also recently issued reports on H. TD Securities reduced their target price on Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. National Bank Financial cut Hydro One from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 28th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$25.05.
Hydro One (TSE:H) traded down C$0.17 on Wednesday, hitting C$20.32. The stock had a trading volume of 641,456 shares, compared to its average volume of 723,077. Hydro One has a 52-week low of C$20.10 and a 52-week high of C$24.66. The stock has a market capitalization of $12,200.00 and a PE ratio of 19.15.
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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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