Hydro One (H) was Downgraded to a Hold Rating at Raymond James


Today, an analyst has provided a rating update for Hydro One (H). Analyst David Quezada from Raymond James rated Hydro One (H) a Hold, setting a C$23 price target.

According to TipRanks.com, Quezada is ranked #1345 out of 5152 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Hydro One with a C$21.83 average price target.

Hydro One’s market cap is currently C$12.41B and has a P/E ratio of 16.2. The company has a Price to Book ratio of 1.24.

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$20.82.