Emera Inc (TSE:EMA) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$54.14.

A number of equities analysts have commented on the stock. CIBC boosted their price target on shares of Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. Scotiabank restated a “sector perform” rating and issued a C$49.00 price target on shares of Emera in a research report on Tuesday, August 9th. Royal Bank Of Canada boosted their price target on shares of Emera from C$56.00 to C$60.00 in a research report on Thursday, August 11th. National Bank Financial reduced their price target on shares of Emera from C$55.00 to C$54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 9th. Finally, RBC Capital Markets boosted their price target on shares of Emera from C$56.00 to C$60.00 in a research report on Wednesday, August 10th.

Emera (TSE:EMA) traded down 0.37% during trading on Tuesday, reaching $45.55. 266,164 shares of the company were exchanged. The firm has a market cap of $9.08 billion and a price-to-earnings ratio of 14.19. The firm has a 50-day moving average of $47.32 and a 200-day moving average of $47.48. Emera has a 52-week low of $41.32 and a 52-week high of $50.19.

In other Emera news, Director Christopher Huskilson purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was acquired at an average cost of C$45.70 per share, with a total value of C$182,800.00. Also, Director Allan Leslie Edgeworth purchased 567 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were acquired at an average cost of C$49.28 per share, with a total value of C$27,941.76.

About Emera

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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