Hydro One (H) Given a C$23.50 Price Target at BMO Capital Markets

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 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)

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