In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Hydro One (TSX: H). Analyst David Galison from Canaccord Genuity rated Hydro One (TSX: H) a Hold today, setting a C$20 price target.
Galison wrote:
“We were looking for C$509.1 million and consensus was at C$500.2 million ($475.0 million – C$513.0 million). The Q2/18 payout ratio came in at 68.5%.”
According to TipRanks.com, Galison is ranked #953 out of 4847 analysts.
Currently, the analyst consensus on Hydro One is a Hold with an average price target of C$20.75.
Hydro One’s market cap is currently C$11.37B and has a P/E ratio of 15.9. The company has a Price to Book ratio of 1.15.
Hydro One Ltd. engages in the transmission and distribution of electricity. It operates through the following segments: Transmission, Distribution, and Other Business. The Transmission segment owns, operates, and maintains electricity transmission networks. The Distribution segment manages the distribution system through the Hydro One Networks Inc.
The company’s shares closed on Tuesday at C$19.35, close to its 52-week low of C$18.57.
