Emera Inc (EMA) Stock Rating Reaffirmed by Scotiabank
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.
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.
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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