Today, an analyst has provided a rating update for the Utilities sector company, Hydro One (H). The company received a Hold rating from Scotiabank’s analyst Robert Hope, with a C$22 price target.
Hope has an average return of 4.8% when recommending Hydro One.
According to TipRanks.com, Hope is ranked #1340 out of 5256 analysts.
Hydro One has an analyst consensus of Moderate Sell, with a price target consensus of C$20.71.
Hydro One’s market cap is currently C$12.17B and has a P/E ratio of 15.7. The company has a Price to Book ratio of 1.21.
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 Monday at C$20.43.
