Hydro One (H) Stock Forecast & Price Target

Q: What analysts cover Hydro One?

Hydro One has been rated by research analysts at Barclays , and Royal Bank Of Canada in the past 90 days.

C$50.97 -0.73 (-1.41%)

As of 09/11/2026 04:00 PM Eastern

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Hydro One - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 9 Analyst Ratings

Sell
1

Hold
7

Buy
1

Based on 9 Wall Street analysts who have issued ratings for Hydro One in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 7 have given a hold rating, and 1 has given a buy rating for H.

Consensus Price Target

C$57.09
12.01% Upside

According to the 9 analysts' twelve-month price targets for Hydro One, the average price target is C$57.09. The highest price target for H is C$61.00, while the lowest price target for H is C$50.00. The average price target represents a forecasted upside of 12.01% from the current price of C$50.97.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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H Analyst Ratings Over Time

Type	Current Forecast 9/12/25 to 9/12/26	1 Month Ago 8/13/25 to 8/13/26	3 Months Ago 6/14/25 to 6/14/26	1 Year Ago 9/12/24 to 9/12/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$57.09	C$57.09	C$57.09	C$51.00
Forecasted Upside	12.01% Upside	1.14% Upside	0.71% Upside	3.49% Upside
Consensus Rating	Hold	Hold	Hold	Hold

H Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

H Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hydro One Stock vs. The Competition

Type	Hydro One	Utilities Companies
Consensus Rating Score	2.00	2.36
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive News See Recent H News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
8/13/2026	Royal Bank Of Canada 3 of 5 stars	Boost Target	Sector Perform	C$58.00 ➝ C$60.00	+6.40%
8/13/2026	Barclays 3 of 5 stars	Lower Target		C$63.00 ➝ C$61.00	+8.18%
6/1/2026	Jefferies Financial Group 3 of 5 stars	Downgrade	Hold ➝ Moderate Sell
6/1/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Perform	C$56.00 ➝ C$61.00	+8.85%
5/14/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Hold	C$57.00 ➝ C$58.00	-1.58%
5/14/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Market Perform	C$55.00 ➝ C$58.00	-1.58%
5/14/2026	Scotia Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Perform	C$53.00 ➝ C$58.00	-1.58%
4/28/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Market Perform	C$57.00 ➝ C$58.00	-0.84%
2/18/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Hold	C$56.00 ➝ C$57.00	+0.92%
12/16/2025	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$51.00 ➝ C$53.00	+0.42%
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10/21/2025	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$52.00 ➝ C$54.00	+2.74%
8/12/2025	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Set Target	Buy	C$58.00	+14.99%
5/9/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$47.00 ➝ C$52.00	+1.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:45 AM ET.

Should I Buy Hydro One Stock? H Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 10, 2026. Please send any questions or comments about these Hydro One pros and cons to contact@marketbeat.com.

Hydro One
Bull Case

Here are some ways that investors could benefit from investing in Hydro One Limited:

Hydro One Limited recently increased its quarterly dividend to $0.3531 per share, which was paid on June 30, 2026, representing an annualized yield of approximately 2.6% to 2.7% based on the current stock price of $51.70. This dividend growth, up from the previous quarterly payment of $0.33, provides a steady income stream for investors, although the payout ratio of 57.31% indicates that the company retains a significant portion of its earnings for reinvestment.
The company reported strong second-quarter 2026 results with revenue of C$1.23 billion and earnings per share of C$0.62, driven by increased electricity demand and customer growth. This performance reflects a net margin of 14.87% and a return on equity of 11.08%, demonstrating the company's ability to generate consistent profits from its regulated transmission and distribution assets in Ontario.
Analysts at Scotiabank raised their full-year 2026 earnings estimates for Hydro One Limited to $2.33 per share, up from a previous estimate of $2.31, and forecasted 2027 earnings at $2.39 per share. This upward revision suggests that institutional investors expect the company to continue growing its earnings power, which is supported by a growing pipeline of transmission investments and approved 2026 rates.
Hydro One Limited maintains a low beta of 0.23, indicating that the stock is significantly less volatile than the overall market. This characteristic makes it an attractive option for investors seeking stability and lower risk exposure, particularly in a market environment where broader economic uncertainties may cause higher volatility in other sectors.
The company serves nearly 1.5 million customers in Ontario, with transmission accounting for roughly 60% of its rate base, providing a stable and predictable revenue stream. As the largest electricity provider in the region, Hydro One Limited benefits from the essential nature of its services, which are less sensitive to economic cycles compared to discretionary industries.

Hydro One
Bear Case

Investors should be bearish about investing in Hydro One Limited for these reasons:

Hydro One Limited carries a high debt-to-equity ratio of 154.61%, which indicates a significant level of leverage. While common for utility companies, this high debt load can increase financial risk, particularly if interest rates rise or if the company faces challenges in maintaining its cash flow to service its debt obligations.
The stock is currently trading at $51.70, which is below its 50-day moving average of C$57.50 and 200-day moving average of C$57.71, suggesting a recent downward trend in price. This technical weakness may indicate that investors are losing confidence in the stock's short-term performance, potentially leading to further declines if the trend continues.
One analyst from Jefferies Financial Group lowered Hydro One Limited from a "hold" rating to a "moderate sell" rating in June 2026, reflecting concerns about the company's valuation or future growth prospects. This bearish outlook from a major brokerage firm may signal that some institutional investors see limited upside potential in the stock at its current price levels.
The company's current ratio of 0.88 and quick ratio of 0.30 indicate that it has limited short-term liquidity to cover its immediate liabilities. This could pose a risk if the company faces unexpected cash flow disruptions or if it needs to raise additional capital to fund its ongoing transmission investments and operational needs.
Hydro One Limited's price-to-earnings ratio of 21.91 is relatively high compared to some other utility stocks, which may limit its appeal to value-oriented investors. This valuation suggests that the stock is priced for continued growth, and any disappointment in earnings or revenue growth could lead to a significant decline in the stock price.

H Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Hydro One is C$57.09, with a high forecast of C$61.00 and a low forecast of C$50.00.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" H shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in H, but not buy additional shares or sell existing shares.

According to analysts, Hydro One's stock has a predicted upside of 12.01% based on their 12-month stock forecasts.

Hydro One has been rated by research analysts at Barclays, and Royal Bank Of Canada in the past 90 days.

Analysts like Hydro One less than other "utilities" companies. The consensus rating score for Hydro One is 2.00 while the average consensus rating score for "utilities" companies is 2.36. Learn more on how H compares to other companies.

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Brokerages With Hydro One Recommendations

MarketBeat monitors more than a dozen sources for Hydro One analyst ratings, with the most recent rating issued on 8/13/2026.

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Hydro One (H) Stock Forecast & Price Target