Emera Inc (EMA) Receives Average Recommendation of “Hold” from Analysts
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.
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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