In a new note to investors today, an analyst has provided a rating update for the Utilities sector company, Hydro One (H). Analyst David Quezada from Raymond James remains neutral on the stock and has a C$23 price target.
According to TipRanks.com, Quezada is ranked #688 out of 5181 analysts.
Hydro One has an analyst consensus of Hold, with a price target consensus of C$21.69, a -1.0% downside from current levels. In a report issued on April 28, Canaccord Genuity also reiterated a Hold rating on the stock with a C$21.50 price target.
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Hydro One’s market cap is currently C$12.94B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.41.
Hydro One Ltd. engages in the transmission and distribution of electricity. The company was founded on August 31, 2015 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$21.91, close to its 52-week high of C$21.95.
