A statement released earlier today by RBC Capital Markets about Hydro One Ltd (TSE:H) bumps down the target price to $29.00
- Updated: October 4, 2016
RBC Capital Markets bumped down the target of Hydro One Ltd (TSE:H) to $29.00 stating a potential upside of 0.13%.
On 09/23/2016, Scotia Capital released a statement for Hydro One Ltd (TSE:H) bumped up the target price from $0.00 to $25.50 that suggested a downside of -0.03%.
Boasting a price of $25.64, Hydro One Ltd (TSE:H) traded -0.66% lower on the day. The last stock close price is up 2.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Hydro One Ltd has recorded a 50-day average of $25.99 and a 200-day moving average of $24.94. 40,278 shares of the stock traded hands, down from an average trading volume of 359,473
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Hydro One Ltd has a 52 week low of $21.53 and a 52 week high of $26.80 with a P/E ratio of 20.59 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $19.81 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Hydro One Ltd (TSE:H)
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid. Its Distribution Business comprises the business of delivering electricity to end customers and certain other municipal electricity distributors. Its Other Business consists of the telecommunications business and certain corporate activities. The telecommunications business provides telecommunications support for its Transmission and Distribution Businesses, and also offers communications and information technology solutions to organizations with broadband network requirements.
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