Hydro One (H) Given New C$26.00 Price Target at Royal Bank of Canada

Hydro One (TSE:H) had its target price lowered by equities research analysts at Royal Bank of Canada from C$28.00 to C$26.00 in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 27.95% from the stock’s current price.

H has been the topic of a number of other research reports. National Bank Financial decreased their price target on shares of Hydro One from C$25.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Wednesday. BMO Capital Markets set a C$23.50 price target on shares of Hydro One and gave the company a “market perform” rating in a report on Wednesday. Finally, TD Securities decreased their price target on shares of Hydro One from C$23.00 to C$22.00 in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hydro One has an average rating of “Hold” and a consensus target price of C$25.05.

Hydro One (TSE H) traded down C$0.17 during mid-day trading on Wednesday, reaching C$20.32. 641,456 shares of the company’s stock traded hands, compared to its average volume of 723,077. The stock has a market cap of $12,200.00 and a PE ratio of 19.15. Hydro One has a 12-month low of C$20.10 and a 12-month 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.

Analyst Recommendations for Hydro One (TSE:H)

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