Scotiabank Increases Hydro One (OTCMKTS:HRNNF) Price Target to C$36.00

Hydro One (OTCMKTS:HRNNF – Get Rating) had its price target boosted by Scotiabank from C$34.00 to C$36.00 in a research note published on Monday, The Fly reports.

Several other brokerages have also issued reports on HRNNF. National Bank Financial boosted their target price on shares of Hydro One from C$31.00 to C$32.00 in a research report on Monday, November 14th. Royal Bank of Canada upped their price objective on Hydro One from C$37.00 to C$38.00 in a research note on Monday, November 14th. CIBC lifted their target price on Hydro One from C$36.00 to C$39.00 in a research report on Tuesday, January 10th. TD Securities upped their price target on Hydro One from C$35.00 to C$36.00 in a research report on Monday, November 14th. Finally, Credit Suisse Group increased their target price on shares of Hydro One from C$34.00 to C$36.00 in a report on Monday, November 21st.

Hydro One Stock Performance

Hydro One stock opened at $28.31 on Monday. Hydro One has a 52-week low of $22.49 and a 52-week high of $28.34. The business has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $26.33.

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.