Hydro One (H) Price Target Lowered to C$24.00 at National Bank Financial

Hydro One (TSE:H) had its target price trimmed by National Bank Financial from C$25.00 to C$24.00 in a report released on Wednesday morning. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Hydro One’s FY2019 earnings at $1.40 EPS.

Several other research analysts also recently issued reports on H. TD Securities reduced their price objective on Hydro One from C$24.00 to C$23.00 in a report on Monday, November 13th. BMO Capital Markets reduced their price objective on Hydro One from C$24.50 to C$23.50 in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$25.05.

Hydro One (TSE H) opened at C$20.25 on Wednesday. Hydro One has a 1-year low of C$20.10 and a 1-year high of C$24.66. The stock has a market capitalization of $12,060.00 and a price-to-earnings ratio of 18.41.

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About Hydro One

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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