Hydro One (OTCMKTS:HRNNF) Hits New 1-Year High – Here’s Why

Hydro One Limited (OTCMKTS:HRNNF)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.1180 and last traded at $39.1180, with a volume of 101 shares traded. The stock had previously closed at $38.85.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HRNNF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a research report on Friday, November 14th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Friday, November 14th. CIBC reaffirmed a “neutral” rating on shares of Hydro One in a report on Tuesday, October 21st. Raymond James Financial reissued a “market perform” rating on shares of Hydro One in a report on Thursday, August 14th. Finally, TD Securities restated a “hold” rating on shares of Hydro One in a research report on Friday, November 14th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Hydro One Price Performance

The company’s 50-day moving average is $36.65 and its two-hundred day moving average is $36.25.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.