Several other research analysts have also recently weighed in on the company. National Bank Financial upgraded Hydro One from a sector perform rating to an outperform rating and decreased their price target for the stock from C$28.00 to C$27.00 in a research note on Monday, November 14th. Raymond James Financial, Inc. restated an outperform rating and issued a C$25.00 price target on shares of Hydro One in a research note on Friday. CIBC boosted their price target on Hydro One from C$25.00 to C$27.00 in a research note on Thursday. TD Securities decreased their price target on Hydro One from C$25.00 to C$24.00 and set a hold rating for the company in a research note on Monday, November 14th. Finally, Barclays PLC decreased their price target on Hydro One from C$26.00 to C$24.00 in a research note on Monday, November 14th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$25.95.
Hydro One (TSE:H) traded down 0.17% during midday trading on Monday, hitting $23.51. The stock had a trading volume of 490,550 shares. The company has a 50-day moving average price of $23.88 and a 200-day moving average price of $24.53. Hydro One has a 52 week low of $22.06 and a 52 week high of $26.80. The stock has a market cap of $14.07 billion and a P/E ratio of 19.43.
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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.
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