Hydro One (OTCMKTS:HRNNF) Given New C$36.00 Price Target at Credit Suisse Group

Hydro One (OTCMKTS:HRNNFGet Rating) had its price target raised by Credit Suisse Group from C$34.00 to C$36.00 in a research note issued to investors on Monday, The Fly reports.

A number of other equities analysts also recently commented on HRNNF. National Bank Financial increased their price objective on Hydro One from C$31.00 to C$32.00 in a report on Monday, November 14th. Royal Bank of Canada increased their price objective on Hydro One from C$37.00 to C$38.00 in a report on Monday, November 14th. TD Securities increased their price objective on Hydro One from C$35.00 to C$36.00 in a report on Monday, November 14th. Finally, Scotiabank dropped their price objective on Hydro One from C$36.00 to C$33.00 in a report on Thursday, October 20th.

Hydro One Trading Up 3.2 %

Shares of HRNNF opened at $27.21 on Monday. Hydro One has a fifty-two week low of $22.49 and a fifty-two week high of $28.29. The business’s 50-day moving average is $24.87 and its 200-day moving average is $26.35.

About Hydro One

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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 of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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