Emera Inc (EMA) Director Christopher Huskilson Buys 4,000 Shares of Stock
Emera Inc (TSE:EMA) Director Christopher Huskilson bought 4,000 shares of the business’s stock in a transaction on Thursday, October 6th. The shares were purchased at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.
Shares of Emera Inc (TSE:EMA) traded down 0.46% during midday trading on Friday, reaching $45.72. 527,877 shares of the company were exchanged. Emera Inc has a 52-week low of $41.32 and a 52-week high of $50.19. The company has a market capitalization of $9.12 billion and a P/E ratio of 14.24. The stock has a 50-day moving average price of $47.33 and a 200 day moving average price of $47.47.
EMA has been the topic of several recent analyst reports. CIBC boosted their target price on shares of Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. Scotiabank restated a “sector perform” rating and set a C$49.00 price target on shares of Emera in a report on Tuesday, August 9th. Raymond James Financial Inc. restated a “market perform” rating and set a C$51.50 price target on shares of Emera in a report on Thursday, September 22nd. CSFB boosted their price target on shares of Emera from C$54.00 to C$58.00 in a report on Monday, July 25th. Finally, BMO Capital Markets boosted their price target on shares of Emera from C$50.00 to C$52.00 in a report on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$54.14.
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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