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$52.95 +0.17 (+0.32%)

As of 12:48 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
8.16% 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 8.16% from the current price of C$52.95.

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 10/21/25 to 10/21/26	1 Month Ago 9/21/25 to 9/21/26	3 Months Ago 7/23/25 to 7/23/26	1 Year Ago 10/21/24 to 10/21/25
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)	7 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$51.30
Forecasted Upside	8.16% Upside	11.40% Upside	-4.23% Downside	-2.73% Downside
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	2.42
Consensus Rating	Hold	Hold
News Sentiment Rating	Neutral News See Recent H News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

Report Date

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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 2 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 to unlock brokerage rankings	Downgrade	Hold ➝ Moderate Sell
6/1/2026	National Bank Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Sector Perform	C$56.00 ➝ C$61.00	+8.85%
5/14/2026	TD Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Hold	C$57.00 ➝ C$58.00	-1.58%
5/14/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Market Perform	C$55.00 ➝ C$58.00	-1.58%
5/14/2026	Scotia Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Sector Perform	C$53.00 ➝ C$58.00	-1.58%
4/28/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Market Perform	C$57.00 ➝ C$58.00	-0.84%
2/18/2026	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target	Hold	C$56.00 ➝ C$57.00	+0.92%
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12/16/2025	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Boost Target		C$51.00 ➝ C$53.00	+0.42%
8/12/2025	Desjardins Subscribe to MarketBeat All Access to unlock brokerage rankings	Set Target	Buy	C$58.00	+14.99%
5/9/2025	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	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 Wednesday at 01:05 PM 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 Sunday, October 18, 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 has submitted a C$37 billion five-year investment plan to the Ontario Energy Board, signaling a significant commitment to upgrading and extending the electrical grid to support reliability, security, and growth, which may drive long-term value creation.
The company offers a stable dividend yield of 2.64% with a payout ratio of 57.31%, providing a consistent income stream for investors while retaining a portion of earnings for reinvestment in its infrastructure.
Hydro One Limited maintains a low beta of 0.30, indicating that its stock price is significantly less volatile than the broader market, which can serve as a defensive asset in a diversified portfolio during periods of market uncertainty.
The stock is currently trading at $53.52, which is below the consensus price target of C$57.27 set by nine ratings firms, suggesting potential upside of approximately 7% if the company meets analyst expectations.
As Ontario's largest electricity transmission and distribution provider with 1.5 million customers and $39.7 billion in assets, Hydro One Limited benefits from a regulated utility model that provides predictable cash flows and essential service demand.

Hydro One
Bear Case

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

The stock recently crossed below its 50-day moving average, with the price falling to C$51.46 on October 13, 2026, indicating short-term downward momentum and potential technical weakness in the stock's price action.
Hydro One Limited carries a high debt-to-equity ratio of 154.61, reflecting a heavily leveraged balance sheet that may limit financial flexibility and increase vulnerability to interest rate changes or economic downturns.
Analysts at Scotiabank recently lowered their FY2026 earnings per share estimates from $2.33 to $2.32 and FY2027 estimates from $2.39 to $2.37, suggesting potential pressure on near-term profitability and growth expectations.
The company's current ratio of 0.88 and quick ratio of 0.30 indicate that its current liabilities exceed its current assets, which may raise concerns about short-term liquidity and the ability to meet immediate financial obligations.
Recent news reports highlight operational challenges, including a massive planned outage affecting 11,000 households in the Ottawa Valley and requests from local governments to accelerate infrastructure investments to eliminate power flickers, which could impact customer satisfaction and operational efficiency.

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 equities 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 equities 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 8.16% 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 2.41. 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