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.
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.
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