Hydro One (OTCMKTS:HRNNF) Price Target Raised to $33.00 at CIBC


Share on StockTwits

Hydro One (OTCMKTS:HRNNF) had its price objective boosted by CIBC from $32.00 to $33.00 in a research report report published on Wednesday, The Fly reports. CIBC currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on HRNNF. Raymond James upgraded Hydro One from a market perform rating to an outperform rating in a research note on Tuesday, October 6th. Scotiabank boosted their price objective on shares of Hydro One from $29.00 to $31.00 and gave the company a sector perform rating in a research report on Monday, November 9th. Credit Suisse Group lifted their price objective on shares of Hydro One from $28.00 to $32.00 and gave the company a neutral rating in a report on Tuesday, November 10th. Royal Bank of Canada upped their target price on shares of Hydro One from $31.00 to $32.00 and gave the stock a sector perform rating in a research note on Monday, November 9th. Finally, BMO Capital Markets lifted their price target on shares of Hydro One from $31.00 to $32.00 and gave the company an outperform rating in a research note on Monday, September 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $32.00.

Shares of HRNNF stock remained flat at $$22.78 during mid-day trading on Wednesday. The company’s stock had a trading volume of 7 shares, compared to its average volume of 14,867. The company has a 50 day moving average of $22.64 and a 200 day moving average of $21.52. Hydro One has a 52 week low of $15.10 and a 52 week high of $23.14.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.

Read More: What is a Fiduciary?

The Fly

Analyst Recommendations for Hydro One (OTCMKTS:HRNNF)

Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.