Hydro One Ltd (H) Given a C$25.50 Price Target by Scotiabank Analysts

Scotiabank set a C$25.50 price objective on Hydro One Ltd (TSE:H) in a report released on Monday morning. The brokerage currently has a sector perform rating on the stock.

Several other research firms also recently weighed in on H. CIBC boosted their target price on Hydro One from C$25.00 to C$27.00 in a research report on Thursday. Raymond James Financial, Inc. restated an outperform rating and set a C$25.00 price objective on shares of Hydro One in a report on Friday. Desjardins restated a hold rating and set a C$24.00 price objective on shares of Hydro One in a report on Thursday, November 24th. National Bank Financial upgraded Hydro One from a sector perform rating to an outperform rating and dropped their price objective for the company from C$28.00 to C$27.00 in a report on Monday, November 14th. Finally, TD Securities dropped their price objective on Hydro One from C$25.00 to C$24.00 and set a hold rating for the company in a report on Monday, November 14th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$25.95.

Hydro One (TSE:H) traded down 0.42% during midday trading on Monday, reaching $23.45. 511,870 shares of the company’s stock traded hands. Hydro One has a one year low of $22.06 and a one year high of $26.80. The stock has a market cap of $14.03 billion and a PE ratio of 19.38. The stock’s 50 day moving average price is $23.88 and its 200-day moving average price is $24.53.

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Hydro One Company Profile

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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