Hydro One (H) Stock Forecast & Price Target

Q: What analysts cover Hydro One?

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

C$50.83 -0.22 (-0.43%)

As of 10/2/2026 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$57.27
12.68% Upside

According to the 9 analysts' twelve-month price targets for Hydro One, the average price target is C$57.27. 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 12.68% from the current price of C$50.83.

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 10/3/25 to 10/3/26	1 Month Ago 9/3/25 to 9/3/26	3 Months Ago 7/5/25 to 7/5/26	1 Year Ago 10/3/24 to 10/3/25
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$57.27	C$57.09	C$57.09	C$51.00
Forecasted Upside	12.68% Upside	7.90% Upside	-3.15% Downside	2.62% 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	2.38
Consensus Rating	Hold	Hold
News Sentiment Rating	Neutral 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
9/22/2026	Canadian Imperial Bank of Commerce 3 of 5 stars	Lower Target		C$59.00 ➝ C$56.00	+8.61%
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 Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	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%
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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%
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 Saturday at 05:11 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 Friday, October 2, 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 offers a stable income stream with a dividend yield of 2.78%, supported by a payout ratio of 57.31% which indicates the company retains a significant portion of its earnings for reinvestment while still distributing cash to shareholders.
The company demonstrates low volatility relative to the broader market with a beta of 0.23, making it a defensive asset that may provide stability during periods of market uncertainty or economic downturns.
Hydro One Limited is positioned for growth through significant capital investment, having invested $3.4 billion in its transmission and distribution networks in 2025 and recently seeking regulatory approval for a $1.3 billion North Shore Link project to expand infrastructure.
The stock is currently trading at $50.83, which is below the consensus price target of C$57.09, suggesting potential upside of approximately 12% as analysts maintain a Hold rating with an average target that exceeds the current market price.
As Ontario's largest electricity provider with 1.5 million customers and $39.7 billion in assets, the company benefits from a regulated monopoly position that provides predictable revenue streams and strong cash flow generation.

Hydro One
Bear Case

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

The company carries a high debt-to-equity ratio of 154.61%, indicating substantial leverage that could increase financial risk and interest expense obligations, particularly if interest rates remain elevated or rise further.
Hydro One Limited's share price has recently broken below its 50-day moving average of C$54.31, signaling short-term technical weakness and potential downward momentum in the stock price.
Recent analyst actions include Canadian Imperial Bank of Commerce lowering its price target from C$59.00 to C$56.00 and Jefferies Financial Group downgrading the stock to a "moderate sell" rating, reflecting growing concerns among some institutional investors.
The company's current ratio of 0.88 and quick ratio of 0.30 suggest limited short-term liquidity, meaning it may face challenges meeting immediate financial obligations without accessing additional financing or selling assets.
Hydro One Limited faces operational and community relations risks, as evidenced by recent public backlash over outage mapping errors and ongoing concerns about property expropriation related to new transmission line projects in regions like Seguin and Waterloo Wellington.

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$57.27, with a high forecast of C$61.00 and a low forecast of C$50.00.

9 Wall Street research 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 research 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 12.68% based on their 12-month stock forecasts.

Hydro One has been rated by research analysts at Barclays, Canadian Imperial Bank of Commerce, 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 2.37. 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 9/22/2026.

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Hydro One (H) Stock Forecast & Price Target