Emera Inc (TSE:EMA)‘s stock had its “market perform” rating reaffirmed by stock analysts at Raymond James Financial Inc. in a note issued to investors on Thursday. They currently have a C$51.50 price objective on the stock. Raymond James Financial Inc.’s price objective points to a potential upside of 8.15% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. CSFB upped their price target on shares of Emera from C$54.00 to C$58.00 in a report on Monday, July 25th. CIBC upped their price target on shares of Emera from C$49.00 to C$53.00 in a report on Wednesday, July 20th. National Bank Financial increased their target price on Emera from C$52.00 to C$55.00 in a research note on Monday, July 18th. BMO Capital Markets increased their target price on Emera from C$50.00 to C$52.00 in a research note on Thursday, July 7th. Finally, RBC Capital Markets increased their target price on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$53.50.
Shares of Emera (TSE:EMA) traded up 0.76% on Thursday, hitting $47.98. The stock had a trading volume of 323,168 shares. The firm has a 50 day moving average of $47.92 and a 200-day moving average of $47.47. Emera has a 1-year low of $41.32 and a 1-year high of $50.19. The firm has a market capitalization of $9.57 billion and a price-to-earnings ratio of 14.95.
In related news, Director Allan Leslie Edgeworth acquired 567 shares of Emera stock in a transaction dated Friday, August 5th. The shares were purchased at an average cost of C$49.28 per share, with a total value of C$27,941.76.
Emera Company Profile
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
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