What’s Next for Hydro One Ltd After Today’s Huge Decline?

 What's Next for Hydro One Ltd After Today's Huge Decline?

The stock of Hydro One Ltd (TSE:H) is a huge mover today! About 77,854 shares traded hands. Hydro One Ltd (TSE:H) has declined 1.11% since April 1, 2016 and is downtrending. It has underperformed by 3.06% the S&P500.
The move comes after 9 months negative chart setup for the $14.22 billion company. It was reported on Nov, 7 by Barchart.com. We have $22.30 PT which if reached, will make TSE:H worth $995.40M less.

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 7.71% above today’s ($23.98) stock price. Hydro One Ltd has been the topic of 4 analyst reports since January 25, 2016 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by National Bank Canada given on Monday, January 25. The stock of Hydro One Ltd (TSE:H) has “” rating given on Friday, June 17 by Barclays Capital. The stock has “Sector Perform” rating given by Scotia Capital on Friday, September 23.

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 Forbes.com with their article: “Hydro One Becomes Oversold (H)” published on November 02, 2016, 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: Marketwatch.com and their article: “Hydro One Ltd.” published on December 21, 2015 as well as Fool.ca‘s news article titled: “Hydro One Ltd.: Get Your Growing Dividend Today” with publication date: July 13, 2016.

Hydro One Limited is an electricity transmission and distribution utility. The company has a market cap of $14.22 billion. The Firm transmits and distributes electricity across the Province of Ontario. It has a 22.68 P/E ratio. It operates through three divisions: Transmission Business, Distribution Business and Other Business.

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