Hydro One (TSE:H) had its price objective lowered by investment analysts at Raymond James Financial from C$26.00 to C$25.00 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 23.52% from the company’s previous close.

Several other analysts also recently issued reports on H. National Bank Financial decreased 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 report on Wednesday. Royal Bank of Canada decreased 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 report on Wednesday. BMO Capital Markets set a C$23.50 price objective on shares of Hydro One and gave the stock a “market perform” rating in a report on Wednesday. Finally, TD Securities decreased their price objective on shares of Hydro One from C$23.00 to C$22.00 in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$25.05.

Hydro One (TSE H) traded down C$0.25 during mid-day trading on Wednesday, reaching C$20.24. 446,239 shares of the company’s stock traded hands, compared to its average volume of 717,654. The company has a market capitalization of $12,200.00 and a P/E ratio of 19.09. Hydro One has a 12 month low of C$20.10 and a 12 month high of C$24.66.

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Hydro One Company Profile

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.

Analyst Recommendations for Hydro One (TSE:H)

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