Hydro One Ltd (H) Price Target Cut to C$29.00 by Analysts at RBC Capital Markets
Several other equities research analysts have also recently weighed in on H. Barclays PLC set a C$27.00 target price on Hydro One in a research note on Friday, June 17th. BMO Capital Markets upped their target price on Hydro One from C$24.50 to C$26.00 in a research note on Thursday, July 7th. National Bank Financial upped their target price on Hydro One from C$26.00 to C$28.00 in a research note on Monday, July 18th. CIBC upped their target price on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. Finally, CSFB upped their target price on Hydro One from C$24.00 to C$26.00 in a research note on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hydro One has an average rating of Buy and an average price target of C$26.55.
Shares of Hydro One (TSE:H) opened at 25.40 on Tuesday. Hydro One has a 52 week low of $21.53 and a 52 week high of $26.80. The company’s 50 day moving average price is $25.99 and its 200-day moving average price is $24.95. The firm has a market capitalization of $15.11 billion and a PE ratio of 20.40.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, September 12th.
About Hydro One
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.
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