Shares of Hydro One Limited (OTCMKTS:HRNNF) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.50.
HRNNF has been the subject of a number of recent analyst reports. CIBC reduced their target price on Hydro One from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 25th. Raymond James downgraded Hydro One from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 28th. Finally, TD Securities lifted their price target on Hydro One from $28.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, May 10th.
Hydro One stock opened at $25.29 on Tuesday. Hydro One has a one year low of $18.18 and a one year high of $25.74. The firm has a fifty day simple moving average of $24.66.
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers (KMs) of high-voltage transmission lines and 124,000 circuit KMs of primary low-voltage distribution network.
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