TD Securities Cuts Hydro One (H) Price Target to C$22.00

Hydro One (TSE:H) had its price target reduced by analysts at TD Securities from C$23.00 to C$22.00 in a research note issued on Wednesday. TD Securities’ target price points to a potential upside of 8.27% from the company’s previous close.

H has been the subject of a number of other reports. National Bank Financial downgraded shares of Hydro One from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Sunday, January 28th. BMO Capital Markets reduced their price target on shares of Hydro One from C$24.50 to C$23.50 in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hydro One has a consensus rating of “Hold” and a consensus price target of C$25.05.

Hydro One (H) traded down C$0.17 during midday trading on Wednesday, hitting C$20.32. 641,456 shares of the company traded hands, compared to its average volume of 723,077. The company has a market cap of $12,200.00 and a P/E ratio of 19.15. Hydro One has a fifty-two week low of C$20.10 and a fifty-two week high of C$24.66.

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About Hydro One

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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