A number of other brokerages have also recently weighed in on H. BMO Capital Markets raised their price objective on shares of Hydro One from C$24.50 to C$26.00 in a research note on Thursday, July 7th. CSFB raised their target price on shares of Hydro One from C$24.00 to C$26.00 in a research report on Monday, July 25th. CIBC raised their target price on shares of Hydro One from C$24.00 to C$25.00 in a research report on Wednesday, July 20th. National Bank Financial raised their target price on shares of Hydro One from C$26.00 to C$28.00 in a research report on Monday, July 18th. Finally, Royal Bank Of Canada raised their target price on shares of Hydro One from C$26.00 to C$30.00 and gave the stock an outperform rating in a research report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$26.75.
Hydro One (TSE:H) opened at 26.00 on Friday. The firm has a market capitalization of $15.47 billion and a PE ratio of 20.88. The company has a 50-day moving average price of $25.94 and a 200-day moving average price of $24.89. Hydro One has a 12-month low of $21.53 and a 12-month high of $26.80.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.23%.
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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