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.

Analyst Recommendations for Emera (TSE:EMA)

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.

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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