Emera Inc (TSE:EMA) had its price target dropped by investment analysts at National Bank Financial from C$54.00 to C$53.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 17.78% from the company’s previous close.

A number of other analysts also recently issued reports on the company. CSFB raised their target price on Emera from C$54.00 to C$58.00 in a research report on Monday, July 25th. Raymond James Financial Inc. reissued a “market perform” rating and issued a C$51.50 target price on shares of Emera in a research report on Thursday, September 22nd. Scotiabank reissued a “sector perform” rating and issued a C$49.00 target price on shares of Emera in a research report on Tuesday, August 9th. CIBC raised their target price on Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. Finally, RBC Capital Markets raised their target price on Emera from C$56.00 to C$60.00 in a research report on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$54.59.

Analyst Recommendations for Emera (TSE:EMA)

Shares of Emera (TSE:EMA) opened at 45.00 on Wednesday. The company’s 50 day moving average price is $46.69 and its 200 day moving average price is $47.33. The company has a market capitalization of $8.97 billion and a P/E ratio of 14.02. Emera has a 12 month low of $41.32 and a 12 month high of $50.19.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.5225 per share. This represents a $2.09 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Friday, October 28th.

In other Emera news, Director Christopher Huskilson bought 4,000 shares of Emera stock in a transaction that occurred on Thursday, October 6th. The stock was acquired at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.

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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