Hydro One (TSE:H) had its target price cut by analysts at Raymond James Financial from C$26.00 to C$25.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 23.03% from the company’s current price.
A number of other equities analysts have also commented on the company. Royal Bank of Canada dropped their price target on Hydro One from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday. TD Securities dropped their price target on Hydro One from C$23.00 to C$22.00 in a research note on Wednesday. National Bank Financial dropped their price target on Hydro One from C$25.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets set a C$23.50 price objective on Hydro One and gave the company a “market perform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hydro One presently has an average rating of “Hold” and a consensus price target of C$25.05.
Shares of Hydro One (TSE H) traded down C$0.17 during trading on Wednesday, reaching C$20.32. The company 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 company has a market capitalization of $12,200.00 and a price-to-earnings ratio of 19.15.
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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