Hydro One (H) Receives a Hold from Canaccord Genuity


Wall Street analyst has provided a review for the Utilities company today, but retained the same rating on the stock. Analyst David Galison from Canaccord Genuity reiterated a Hold rating on Hydro One (TSX: H), with a C$20 price target.

According to TipRanks.com, Galison is ranked #1256 out of 4875 analysts.

Currently, the analyst consensus on Hydro One is a Hold with an average price target of C$20.58.

Hydro One’s market cap is currently C$11.49B and has a P/E ratio of 14.3. The company has a Price to Book ratio of 1.16.

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 Friday at C$19.28, close to its 52-week low of C$18.57.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts