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.
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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