Raymond James Financial Trims Hydro One (H) Target Price to C$25.00

Hydro One (TSE:H) had its price objective decreased by Raymond James Financial from C$26.00 to C$25.00 in a research report released on Wednesday. Raymond James Financial currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. TD Securities reduced their price objective on shares of Hydro One from C$23.00 to C$22.00 in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Hydro One from C$24.50 to C$23.50 in a research note on Tuesday, February 6th. Royal Bank of Canada reduced their price objective on shares of Hydro One from C$28.00 to C$26.00 and set an outperform rating for the company in a research note on Wednesday. Finally, National Bank Financial reduced their price objective on shares of Hydro One from C$25.00 to C$24.00 and set a sector perform rating for the company in a research note on Wednesday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$25.05.

Shares of Hydro One (TSE H) opened at C$20.25 on Wednesday. The firm has a market cap of $12,060.00 and a PE ratio of 18.41. Hydro One has a 12 month low of C$20.10 and a 12 month high of C$24.66.

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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.

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