Emera Inc (EMA) PT Lowered to C$52.00
Emera Inc (TSE:EMA) had its price target lowered by stock analysts at Barclays PLC from C$54.00 to C$52.00 in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price would suggest a potential upside of 16.59% from the stock’s previous close.
Several other brokerages have also issued reports on EMA. CSFB raised their target price on Emera from C$54.00 to C$58.00 in a research report on Monday, July 25th. National Bank Financial raised their target price on Emera from C$52.00 to C$55.00 in a research report on Monday, July 18th. Raymond James Financial Inc. reaffirmed a “market perform” rating and set a C$51.50 target price on shares of Emera in a research report on Thursday, September 22nd. Scotiabank reaffirmed a “sector perform” rating and set a C$49.00 target price on shares of Emera in a research report on Tuesday, August 9th. Finally, CIBC raised their target price on Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Emera has an average rating of “Hold” and a consensus price target of C$54.59.
Emera (TSE:EMA) opened at 44.60 on Thursday. The firm has a 50-day moving average price of $46.59 and a 200-day moving average price of $47.32. Emera has a 1-year low of $41.32 and a 1-year high of $50.19. The firm has a market capitalization of $8.89 billion and a PE ratio of 13.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be given a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, October 28th.
In other Emera news, Director Christopher Huskilson acquired 4,000 shares of the stock in a transaction dated 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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