Emera Inc (EMA) Receives C$54.59 Average Target Price from Brokerages
Emera Inc (TSE:EMA) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$54.59.
Several analysts have issued reports on the company. TD Securities upped their price objective on Emera from C$52.00 to C$55.00 and gave the company a “buy” rating in a research note on Wednesday, November 9th. Royal Bank Of Canada restated an “outperform” rating and issued a C$62.00 price objective (up previously from C$60.00) on shares of Emera in a research note on Tuesday, November 8th. National Bank Financial dropped their price objective on Emera from C$55.00 to C$54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 9th. Scotiabank restated a “sector perform” rating and issued a C$50.00 price objective on shares of Emera in a research note on Wednesday, November 9th. Finally, RBC Capital Markets upped their price objective on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th.
Shares of Emera (TSE:EMA) opened at 44.82 on Tuesday. The company has a 50-day moving average price of $46.25 and a 200 day moving average price of $47.29. The firm has a market cap of $8.94 billion and a price-to-earnings ratio of 13.96. Emera has a 52 week low of $41.32 and a 52 week high of $50.19.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.5225 per share. The ex-dividend date was Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.66%.
In other news, Director Christopher Huskilson bought 4,000 shares of the stock in a transaction dated Thursday, October 6th. The shares were bought at an average price of C$45.70 per share, for a total transaction 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.
Receive News & Stock Ratings for Emera Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Inc and related stocks with our FREE daily email newsletter.