TD Securities Boosts Hydro One Ltd (H) Price Target to C$24.00
Hydro One Ltd (TSE:H) had its price objective raised by investment analysts at TD Securities from C$23.00 to C$24.00 in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 5.82% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Barclays PLC raised their price target on shares of Hydro One from C$23.00 to C$26.00 in a report on Friday, April 21st. Laurentian raised their price target on shares of Hydro One from C$27.00 to C$28.00 in a report on Wednesday. BMO Capital Markets cut their price target on shares of Hydro One from C$26.00 to C$24.00 in a report on Wednesday, July 19th. CSFB restated a “neutral” rating and set a C$26.00 price target on shares of Hydro One in a report on Friday, May 26th. Finally, Raymond James Financial, Inc. raised their price target 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$26.04.
Shares of Hydro One (TSE:H) traded up 0.62% during mid-day trading on Thursday, reaching $22.82. 532,058 shares of the company were exchanged. The company has a market capitalization of $13.81 billion and a price-to-earnings ratio of 21.03. Hydro One has a 12 month low of $21.32 and a 12 month high of $26.54. The firm’s 50-day moving average is $22.73 and its 200-day moving average is $23.50.
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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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