Hydro One (H), the Utilities sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Hope from Scotiabank rated Hydro One (H) a Hold, setting a C$21 price target.
Hope has an average return of 4.8% when recommending Hydro One.
According to TipRanks.com, Hope is ranked #1561 out of 5188 analysts.
Hydro One has an analyst consensus of Hold, with a price target consensus of C$21.67, a 5.5% upside from current levels. In a report issued on February 13, Raymond James also downgraded the stock to Hold with a C$23 price target.
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Hydro One’s market cap is currently C$12.25B and has a P/E ratio of 15.9. The company has a Price to Book ratio of 1.23.
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 Thursday at C$20.55.
