Hydro One Price Target Raised to C$60.00 by Royal Bank Of Canada

Royal Bank Of Canada (RBC) analysts have raised their price target for Hydro One (TSE:H) to C$60.00, representing a potential upside of 6.40% from its current price.

This upgrade comes after several other financial institutions issued reports on the company. Scotia increased its price target on shares of Hydro One from C$53.00 to C$58.00 and gave the company a 'sector perform' rating in a research report on May 14th.

National Bank Financial also raised its price target on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a 'sector perform' rating in a report on June 1st.