Hydro One Ltd (TSE:H) Given a C$27.00 Price Target by National Bank Financial Analysts
Hydro One Ltd (TSE:H) has been assigned a C$27.00 target price by National Bank Financial in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 19.05% from the company’s previous close.
A number of other analysts also recently commented on the company. CIBC upgraded Hydro One from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$27.00 to C$28.00 in a research note on Thursday. Scotiabank lowered their target price on Hydro One from C$25.50 to C$24.50 and set a “sector perform” rating on the stock in a research note on Thursday. Laurentian upped their target price on Hydro One from C$27.00 to C$28.00 in a research note on Wednesday. BMO Capital Markets lowered their target price on Hydro One from C$26.00 to C$24.00 in a research note on Wednesday, July 19th. Finally, CSFB restated a “neutral” rating and issued a C$26.00 target price on shares of Hydro One in a research note on Friday, May 26th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hydro One currently has a consensus rating of “Hold” and a consensus price target of C$26.04.
Shares of Hydro One (H) traded up 0.62% during mid-day trading on Thursday, reaching $22.82. The company had a trading volume of 532,058 shares. The company has a market capitalization of $13.81 billion and a price-to-earnings ratio of 21.03. The stock has a 50 day moving average of $22.73 and a 200-day moving average of $23.50. Hydro One has a 52 week low of $22.06 and a 52 week 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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