Hydro One Ltd (TSE:H) Price Target Increased to C$28.00 by Analysts at Laurentian
Hydro One Ltd (TSE:H) had its price objective upped by investment analysts at Laurentian from C$27.00 to C$28.00 in a report issued on Wednesday. Laurentian’s price target indicates a potential upside of 26.93% from the company’s previous close.
Several other research firms have also weighed in on H. BMO Capital Markets reduced their price target on shares of Hydro One from C$26.00 to C$24.00 in a research report on Wednesday, July 19th. TD Securities reaffirmed a “hold” rating and set a C$23.00 price objective on shares of Hydro One in a report on Friday, May 5th. Raymond James Financial, Inc. upped their price objective on shares of Hydro One from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and issued a C$26.00 price target on shares of Hydro One in a report on Tuesday, April 11th. Finally, Barclays PLC increased their price target on shares of Hydro One from C$23.00 to C$26.00 in a report on Friday, April 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$25.96.
Hydro One (H) traded up 2.471% on Wednesday, reaching $22.605. 1,164,466 shares of the company were exchanged. The company’s 50-day moving average price is $22.80 and its 200-day moving average price is $23.53. The stock has a market capitalization of $13.45 billion and a P/E ratio of 19.829. Hydro One has a 12-month low of $21.32 and a 12-month high of $26.54.
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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