Could Hydro One Ltd Decline After Today’s Huge Increase?

 Could Hydro One Ltd Decline After Today's Huge Increase?

The stock of Hydro One Ltd (TSE:H) is a huge mover today! About 108,107 shares traded hands. Hydro One Ltd (TSE:H) has risen 3.72% since March 24, 2016 and is uptrending. It has outperformed by 0.25% the S&P500.
The move comes after 7 months positive chart setup for the $14.67B company. It was reported on Oct, 31 by Barchart.com. We have $38.70 PT which if reached, will make TSE:H worth $8.36 billion more.

Hydro One Ltd (TSE:H) Ratings Coverage

Out of 2 analysts covering Hydro One Ltd (TSE:H), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $27 is the highest target while $25 is the lowest. The $25.83 average target is 4.79% above today’s ($24.65) stock price. Hydro One Ltd has been the topic of 4 analyst reports since January 25, 2016 according to StockzIntelligence Inc. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, January 25. Barclays Capital maintained Hydro One Ltd (TSE:H) on Friday, June 17 with “” rating. Scotia Capital maintained Hydro One Ltd (TSE:H) on Friday, September 23 with “Sector Perform” rating.

More notable recent Hydro One Ltd (TSE:H) news were published by: Business.Financialpost.com which released: “Hydro One Ltd makes its debut on the Toronto Stock Exchange in biggest IPO in …” on November 05, 2015, also Marketwatch.com with their article: “Hydro One Ltd.” published on December 21, 2015, Fool.ca published: “Get Big Renewable Energy Dividends With Hydro One Ltd.” on September 22, 2016. More interesting news about Hydro One Ltd (TSE:H) were released by: Fool.ca and their article: “Hydro One Ltd.: Get Your Growing Dividend Today” published on July 13, 2016 as well as Business.Financialpost.com‘s news article titled: “Hydro One Ltd reports 11% rise in quarterly profit after last week’s $1.66B IPO” with publication date: November 13, 2015.

Hydro One Limited is an electricity transmission and distribution utility. The company has a market cap of $14.67 billion. The Firm transmits and distributes electricity across the Province of Ontario. It has a 23.31 P/E ratio. It operates through three divisions: Transmission Business, Distribution Business and Other Business.

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