Analysts Set Hydro One Limited (OTCMKTS:HRNNF) Price Target at $32.29

Shares of Hydro One Limited (OTCMKTS:HRNNF) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.29.

A number of research firms recently issued reports on HRNNF. TD Securities upped their price objective on shares of Hydro One from C$30.00 to C$31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 11th. National Bank Financial boosted their price objective on Hydro One from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 12th. BMO Capital Markets boosted their price target on Hydro One from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 11th. Credit Suisse Group lifted their target price on shares of Hydro One from C$32.00 to C$33.00 and gave the stock a “neutral” rating in a research report on Friday, August 20th. Finally, CIBC lifted their price target on shares of Hydro One from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 11th.

Hydro One stock opened at $24.22 on Monday. Hydro One has a 12-month low of $21.09 and a 12-month high of $25.74. The business’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $24.58.

Hydro One Company Profile

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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Analyst Recommendations for Hydro One (OTCMKTS:HRNNF)

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