Emera Inc (EMA) PT Raised to C$55.00
Emera Inc (TSE:EMA) had its target price boosted by investment analysts at TD Securities from C$52.00 to C$55.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 22.22% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their target price on Emera from C$56.00 to C$60.00 in a research note on Thursday, August 11th. RBC Capital Markets boosted their target price on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. CSFB boosted their target price on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. CIBC boosted their target price on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. Finally, National Bank Financial boosted their target price on Emera from C$52.00 to C$55.00 in a research note on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Emera currently has an average rating of “Hold” and an average price target of C$54.59.
Shares of Emera (TSE:EMA) opened at 45.00 on Wednesday. Emera has a 52 week low of $41.32 and a 52 week high of $50.19. The stock has a 50 day moving average of $46.69 and a 200 day moving average of $47.33. The firm has a market cap of $8.97 billion and a P/E ratio of 14.02.
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 issued a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a dividend 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 the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were acquired at an average cost of C$45.70 per share, with a total value 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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