CIBC cut Hydro One stock target to CAD 56.00
Published on 10/20/2026 at 19:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Canadian Imperial Bank of Commerce cut its Hydro One target from CAD 59.00 to CAD 56.00 on September 22, 2026.
- Hydro One reported CAD 0.62 quarterly earnings per share and CAD 1.23 billion in revenue for the second quarter of 2026.
- Hydro One stock was at EUR 33.54 at Lang & Schwarz on October 20, 2026 at 7:02 p.m. CEST.
- Hydro One scheduled its third-quarter 2026 results for November 10, 2026.
Hydro One (ISIN CA4488112083) is heading toward its next quarterly report after Canadian Imperial Bank of Commerce cut its price target from CAD 59.00 to CAD 56.00 on September 22, 2026, as MarketBeat reported. Hydro One stock was at EUR 33.54 at Lang & Schwarz on October 20, 2026 at 7:02 p.m. CEST.
Target leaves 5.78 percent upside
The CIBC target stood 5.78 percent above Hydro One's TSX price of CAD 52.94 on October 20, 2026. That calculation compares CAD 56.00 with CAD 52.94, keeping the analyst view and the home-market quotation in the same currency.
MarketBeat reported a Hold consensus from nine ratings firms, with one Buy, seven Holds and one Sell and an average target of CAD 57.27. The consensus target was CAD 4.33 above the October 20 TSX price.
Price position stays measurable
Hydro One was trading at CAD 52.94 on the TSX on October 20, 2026 at 1:01 p.m. ET. The session range was CAD 52.64 to CAD 53.26, while the 52-week range was CAD 50.14 to CAD 60.57 and volume reached 170,537 shares.
The market capitalization was CAD 31.8 billion and the price-to-earnings ratio was 22.43 on the same quote. The stock therefore stood 12.60 percent above its 52-week low and 12.59 percent below its 52-week high.
Results date and operating base
Hydro One reported CAD 0.62 in quarterly earnings per share and CAD 1.23 billion in revenue for the second quarter of 2026, figures carried by MarketBeat. The company also reported a 14.87 percent net margin for that quarter.
CNW Group said on October 9, 2026 that Hydro One planned to release third-quarter results before North American markets opened on November 10, 2026, followed by an 8:00 a.m. ET conference call.
Comparison with peers
Emera (TSX, CAD): up 1.17 percent on October 20, 2026, price-to-earnings ratio 21.10, market capitalization CAD 20.4 billion.
Fortis (TSX, CAD): up 1.17 percent on October 20, 2026, price-to-earnings ratio 23.02, market capitalization CAD 40.1 billion.
Hydro One market view
Hydro One's Canadian quotation, upcoming November report and analyst targets give investors three dated reference points, while the euro quotation provides the German-market trading view.
The further course of trading is shown by the continuously updated real-time quote of Hydro One stock.
Hydro One market facts
- Company: Hydro One Limited
- ISIN: CA4488112083
- Ticker: H
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 20, 2026, 7:02 p.m. CEST): EUR 33.54
- Market capitalization: CAD 31.8 billion (as of October 20, 2026)
- 52-week range: CAD 50.14-60.57 (as of October 20, 2026)
- Sector / Industry: Utilities / Regulated electric utilities
- Next earnings date: November 10, 2026
Market context: Latest market reports.
