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National Bank of Canada Ups Hydro One's Price Target to C$56.00 Following Q1 Results

BY MT Newswires | ECONOMIC | 11:24 AM EDT

11:24 AM EDT, 05/14/2026 (MT Newswires) -- National Bank of Canada on Wednesday reiterated its sector-perform rating on the shares of Hydro One (HRNNF) while raising its price target to C$56.00 from $55.00 following the company's first-quarter results.

The bank raised the price target after incorporating the company's incremental capex guidance through 2027, as well as the Red Lake Transmission Line within longer-term estimates.

Hydro One (HRNNF) booked adjusted earnings of C$0.65 per share in the first quarter, compared to National Bank's estimate of $0.66 per share and the Street forecast of $0.63 per share.

Price: 59.08, Change: +0.31, Percent Change: +0.53

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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