Hydro One Ltd (TSE:H) had its price target trimmed by Royal Bank Of Canada from C$30.00 to C$29.00 in a research note issued to investors on Tuesday, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented 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 lifted their price objective on Hydro One from C$24.50 to C$26.00 in a research note on Thursday, July 7th. National Bank Financial lifted their price objective on Hydro One from C$26.00 to C$28.00 in a research note on Monday, July 18th. CIBC lifted their price objective on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. Finally, CSFB lifted their price objective on Hydro One from C$24.00 to C$26.00 in a research note on Monday, July 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hydro One has an average rating of Buy and a consensus price target of C$26.55.

Hydro One (TSE:H) opened at 24.79 on Tuesday. The firm has a market capitalization of $14.75 billion and a price-to-earnings ratio of 19.91. Hydro One has a 12 month low of $21.53 and a 12 month high of $26.80. The stock’s 50 day moving average price is $25.95 and its 200-day moving average price is $24.95.

The firm 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 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Monday, September 12th.

Hydro One Company Profile

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.

Stock Target Prices

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