FY2018 Earnings Forecast for Hydro One Ltd (H) Issued By National Bank Financial

Hydro One Ltd (TSE:H) – Research analysts at National Bank Financial issued their FY2018 earnings per share estimates for Hydro One in a report released on Sunday. National Bank Financial analyst P. Kenny expects that the firm will post earnings of $1.30 per share for the year. National Bank Financial has a “Outperform” rating and a $27.00 price target on the stock.

Other research analysts have also issued research reports about the company. CIBC lifted their price target on Hydro One from C$25.00 to C$27.00 in a report on Thursday, February 9th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$25.00 price target on shares of Hydro One in a report on Friday. Scotiabank set a C$25.50 price target on Hydro One and gave the stock a “sector perform” rating in a report on Monday. Desjardins set a C$25.00 price target on Hydro One and gave the stock a “hold” rating in a report on Monday. Finally, TD Securities lifted their price target on Hydro One from C$22.00 to C$23.00 and gave the stock a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$25.95.

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Hydro One (TSE:H) traded up 0.34% during midday trading on Tuesday, hitting $23.63. 198,829 shares of the stock traded hands. The firm’s 50-day moving average is $23.88 and its 200-day moving average is $24.53. The company has a market cap of $14.14 billion and a price-to-earnings ratio of 19.53. Hydro One has a 52-week low of $22.06 and a 52-week high of $26.80.

“FY2018 Earnings Forecast for Hydro One Ltd (H) Issued By National Bank Financial” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this article on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at http://sleekmoney.com/fy2018-earnings-forecast-for-hydro-one-ltd-h-issued-by-national-bank-financial/1660698.html.

About Hydro One

Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/fy2018-earnings-forecast-for-hydro-one-ltd-h-issued-by-national-bank-financial/1660698.html

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