National Bank Financial Cuts Hydro One (H) Price Target to C$24.00

Hydro One (TSE:H) had its price target lowered by research analysts at National Bank Financial from C$25.00 to C$24.00 in a report released on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 18.11% from the stock’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price objective on Hydro One from C$24.50 to C$23.50 in a research note on Tuesday, February 6th. TD Securities lowered their price objective on Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$25.05.

Shares of Hydro One (H) traded down C$0.17 during midday trading on Wednesday, reaching C$20.32. The company’s stock had a trading volume of 641,456 shares, compared to its average volume of 723,077. The firm has a market capitalization of $12,200.00 and a P/E 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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