Hydro One Ltd (TSE:H) PT Lowered to C$24.50

Hydro One Ltd (TSE:H) had its target price lowered by Scotiabank from C$25.50 to C$24.50 in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 7.50% from the stock’s previous close.

A number of other brokerages have also recently weighed in on H. Barclays PLC upped their price objective on shares of Hydro One from C$23.00 to C$26.00 in a report on Friday, April 21st. TD Securities restated a “hold” rating and issued 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 stock an “outperform” rating in a report on Friday, May 5th. Royal Bank Of Canada cut their price objective on shares of Hydro One from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, CSFB restated a “neutral” rating and issued a C$26.00 price objective on shares of Hydro One in a report on Friday, May 26th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$26.04.

Hydro One (TSE:H) opened at 22.79 on Thursday. Hydro One has a 12 month low of $21.32 and a 12 month high of $26.54. The company has a market cap of $13.79 billion and a PE ratio of 21.00. The company has a 50-day moving average of $22.71 and a 200 day moving average of $23.48.

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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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