Hydro One Ltd (TSE:H) had its target price decreased by Royal Bank Of Canada from C$30.00 to C$29.00 in a research report report published on Tuesday, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
H has been the subject of several other reports. RBC Capital Markets upped their target price on Hydro One from C$26.00 to C$30.00 and gave the stock an outperform rating in a research note on Monday, August 15th. Scotiabank reaffirmed a sector perform rating and set a C$25.50 target price on shares of Hydro One in a research note on Friday, September 23rd. TD Securities upped their target price on Hydro One from C$24.00 to C$25.00 and gave the stock a hold rating in a research note on Monday, August 15th. BMO Capital Markets upped their target price on Hydro One from C$24.50 to C$26.00 in a research note on Thursday, July 7th. Finally, CIBC upped their target price on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Hydro One presently has an average rating of Buy and a consensus target price of C$26.55.
Hydro One (TSE:H) opened at 25.40 on Tuesday. The company has a 50 day moving average of $25.99 and a 200-day moving average of $24.95. Hydro One has a 12-month low of $21.53 and a 12-month high of $26.80. The stock has a market capitalization of $15.11 billion and a price-to-earnings ratio of 20.40.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Monday, September 12th.
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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