Hydro One (H) Downgraded by National Bank Financial

National Bank Financial downgraded shares of Hydro One (TSE:H) from an outperform overweight rating to a sector perform overweight rating in a research report sent to investors on Sunday morning.

H has been the subject of several other research reports. Barclays cut their price target on Hydro One from C$24.00 to C$23.00 in a research note on Monday, October 2nd. TD Securities cut their price target on Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. Finally, CIBC cut their price target on Hydro One from C$28.00 to C$27.50 in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$25.67.

Shares of Hydro One (H) opened at C$21.99 on Friday. Hydro One has a 12-month low of C$21.32 and a 12-month high of C$24.66. The stock has a market capitalization of $13,120.00 and a price-to-earnings ratio of 20.75.

Hydro One (TSE:H) last announced its earnings results on Friday, November 10th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.39 by C$0.01. Hydro One had a return on equity of 4.87% and a net margin of 8.97%.

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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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