Barclays cuts Hydro One stock target to CAD 57.00
Published on 10/17/2026 at 20:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst and calendar
- On October 16, 2026, Barclays lowered its Hydro One target from CAD 61.00 to CAD 57.00.
- Hydro One will publish third-quarter 2026 results on November 10, 2026.
- Hydro One stock was last at CAD 53.52 on October 16, 2026 at 4:00 p.m. ET, up 1.44 percent versus the prior close.
- Hydro One had a price-to-earnings ratio of 22.68 as of October 16, 2026.
Barclays analyst Michael Lonegan lowered the price target for Hydro One from CAD 61.00 to CAD 57.00 on October 16, 2026, according to Markets Insider. The revised target is 6.50 percent above Hydro One's CAD 53.52 closing price. Hydro One was last at CAD 53.52 on the TSX on October 16, 2026 at 4:00 p.m. ET, up 1.44 percent versus the prior close.
Quarterly earnings provide the second anchor
Hydro One reported earnings per share of CAD 0.62 for the second quarter of 2026, according to MarketBeat. The same report cited quarterly revenue of CAD 1.23 billion and a quarterly dividend of CAD 0.3531. Those figures give the target revision a concrete earnings backdrop, while the target remains above the latest TSX close.
Hydro One stays below its yearly high
The stock's CAD 50.14 to CAD 60.57 52-week range puts the latest close 11.64 percent below the high and 6.74 percent above the low. Trading volume was 827,821 shares on October 16, 2026, compared with an average volume of 1,509,408 shares. The latest volume was 45.18 percent below that average.
Valuation meets the next reporting date
Hydro One had a market capitalization of CAD 32.1 billion, a price-to-earnings ratio of 22.68 and a trailing dividend yield of 3.00 percent as of October 16, 2026. The company plans to publish third-quarter 2026 results before markets open on November 10, 2026, with an investor call at 8:00 a.m. ET, according to Yahoo Finance.
Comparison with peers
- Hydro One (TSX, CAD): plus 1.44 percent, P/E 22.68, market capitalization CAD 32.1 billion
- Fortis (TSX, CAD): plus 1.66 percent, P/E 23.11, market capitalization CAD 40.3 billion
- Emera (TSX, CAD): plus 1.03 percent, P/E 21.35, market capitalization CAD 20.7 billion
Price and reporting calendar
Hydro One's latest close sits between the yearly low and high, while the next scheduled results date gives investors a defined calendar marker. The target reduction from Barclays leaves CAD 57.00 as a dated analyst reference, 6.50 percent above the October 16 close.
Hydro One stock facts
- Company: Hydro One Limited
- ISIN: CA4488112083
- Ticker: H
- Primary exchange: TSX
- Price on TSX (as of October 16, 2026, 4:00 p.m. ET): CAD 53.52
- Change versus prior close: plus 1.44 percent
- Market capitalization: CAD 32.1 billion (as of October 16, 2026)
- 52-week range: CAD 50.14-CAD 60.57 (as of October 16, 2026)
- Sector / Industry: Utilities / Regulated Electric
Market context: Market report S&P/TSX Composite.
