In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Hydro One (H). Today, analyst Patrick Kenny gave a Sell rating to H and set a C$24 price target.
According to TipRanks.com, Kenny is ranked #979 out of 5239 analysts.
Hydro One has an analyst consensus of Hold, with a price target consensus of C$24.40.
Based on Hydro One’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.41 billion and net profit of C$159 million. In comparison, last year the company earned revenue of C$1.48 billion and had a net profit of C$204 million.
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 Monday at C$23.67, close to its 52-week high of C$23.98.
