Hydro One Ltd (TSE:H) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$24.77.
A number of analysts recently weighed in on H shares. TD Securities reduced their price objective on shares of Hydro One from C$23.00 to C$22.00 in a research report on Wednesday, February 14th. BMO Capital Markets reduced their price objective on shares of Hydro One from C$24.50 to C$23.50 in a research report on Tuesday, February 6th. Canaccord Genuity lowered shares of Hydro One from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$24.00 to C$23.00 in a research report on Wednesday. Raymond James Financial reduced their price objective on shares of Hydro One from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada reduced their price objective on shares of Hydro One from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th.
Shares of TSE:H traded down C$0.09 during trading on Friday, reaching C$20.92. The company’s stock had a trading volume of 945,300 shares, compared to its average volume of 731,987. Hydro One has a 12 month low of C$20.10 and a 12 month 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 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.
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