Emera Inc (EMA) Earns Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of Emera Inc (TSE:EMA) in a research note issued to investors on Tuesday morning, StockTargetPrices.com reports. The firm currently has a C$62.00 target price on the stock, up from their previous target price of C$60.00.
Several other research analysts have also recently commented on EMA. National Bank Financial boosted their price target on Emera from C$52.00 to C$55.00 in a research note on Monday, July 18th. CIBC boosted their price target on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. CSFB boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. Scotiabank reiterated a sector perform rating and issued a C$49.00 price target on shares of Emera in a research note on Tuesday, August 9th. Finally, RBC Capital Markets upped their price objective on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of C$54.59.
Emera (TSE:EMA) opened at 45.00 on Tuesday. Emera has a 12 month low of $41.32 and a 12 month high of $50.19. The firm’s 50 day moving average is $46.69 and its 200-day moving average is $47.33. The firm has a market cap of $8.97 billion and a price-to-earnings ratio of 14.02.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Friday, October 28th.
In other news, Director Christopher Huskilson purchased 4,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was purchased at an average cost of C$45.70 per share, with a total value of C$182,800.00.
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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