Emera Inc (TSE:EMA)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a note issued to investors on Wednesday. They presently have a C$50.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 11.11% from the company’s current price.

Several other equities analysts also recently commented on EMA. National Bank Financial dropped their target price on Emera from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Wednesday. Royal Bank Of Canada increased their target price on Emera from C$56.00 to C$60.00 in a research report on Thursday, August 11th. TD Securities increased their target price on Emera from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. RBC Capital Markets increased their target price on Emera from C$56.00 to C$60.00 in a research report on Wednesday, August 10th. Finally, CIBC increased their target price on Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Emera presently has an average rating of “Hold” and a consensus target price of C$54.59.

Analyst Recommendations for Emera (TSE:EMA)

Emera (TSE:EMA) opened at 45.00 on Wednesday. The company has a market cap of $8.97 billion and a PE ratio of 14.02. The stock’s 50 day moving average price is $46.69 and its 200 day moving average price is $47.33. 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 paid a dividend of $0.5225 per share. The ex-dividend date is Friday, October 28th. This represents a $2.09 annualized dividend and a yield of 4.64%.

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 stock was acquired at an average price of C$45.70 per share, with a total value of C$182,800.00.

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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