Hydro One (TSE:H) had its price objective decreased by TD Securities from C$23.00 to C$22.00 in a report released on Wednesday. TD Securities’ target price would suggest a potential upside of 8.70% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets set a C$23.50 price objective on shares of Hydro One and gave the stock a “market perform” rating in a research note on Wednesday. National Bank Financial cut shares of Hydro One from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$25.05.
Shares of Hydro One (TSE:H) traded down C$0.25 during trading on Wednesday, reaching C$20.24. 446,239 shares of the company’s stock were exchanged, compared to its average volume of 717,654. Hydro One has a 12 month low of C$20.10 and a 12 month high of C$24.66. The stock has a market capitalization of $12,200.00 and a PE ratio of 19.09.
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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.
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