Hydro One (H) Given New C$26.00 Price Target at Royal Bank of Canada

Hydro One (TSE:H) had its price target trimmed by Royal Bank of Canada from C$28.00 to C$26.00 in a report issued on Wednesday. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. BMO Capital Markets dropped their price target on shares of Hydro One from C$24.50 to C$23.50 in a research note on Tuesday, February 6th. TD Securities dropped their price target on shares of Hydro One from C$24.00 to C$23.00 in a research note on Monday, November 13th. Finally, National Bank Financial dropped their price target on shares of Hydro One from C$25.00 to C$24.00 and set a sector perform rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$25.05.

Shares of Hydro One (TSE:H) opened at C$20.25 on Wednesday. The company has a market cap of $12,060.00 and a P/E ratio of 18.41. Hydro One has a 52 week low of C$20.10 and a 52 week high of C$24.66.

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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.

Analyst Recommendations for Hydro One (TSE:H)

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