Hydro One (TSE:H) had its price objective lowered by TD Securities from C$22.00 to C$21.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 9.89% from the stock’s previous close.

Several other brokerages have also recently issued reports on H. Scotiabank reduced their price objective on Hydro One from C$24.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Wednesday. BMO Capital Markets set a C$23.50 price objective on Hydro One and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Raymond James reduced their price objective on Hydro One from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Royal Bank of Canada reduced their price objective on Hydro One from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, National Bank Financial reduced their price objective on Hydro One from C$24.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$23.86.

H stock opened at C$19.11 on Wednesday. Hydro One has a twelve month low of C$19.15 and a twelve month high of C$23.98.

Hydro One (TSE:H) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.02. Hydro One had a net margin of 11.26% and a return on equity of 6.38%. The business had revenue of C$1.44 billion during the quarter.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

Analyst Recommendations for Hydro One (TSE:H)

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