Emera Inc (TSE:EMA)‘s stock had its “buy” rating restated by investment analysts at Desjardins in a report released on Thursday. They presently have a C$50.00 target price on the stock. Desjardins’ price objective would suggest a potential upside of 10.35% from the stock’s current price.

Several other equities research analysts also recently commented on EMA. Scotiabank reaffirmed a “sector perform” rating and set a C$50.00 price objective on shares of Emera in a report on Wednesday, November 9th. National Bank Financial lowered their price target on shares of Emera from C$55.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 9th. Barclays PLC lowered their price target on shares of Emera from C$54.00 to C$52.00 and set an “overweight” rating on the stock in a report on Thursday, November 10th. Royal Bank Of Canada increased their price target on shares of Emera from C$56.00 to C$60.00 in a report on Thursday, August 11th. Finally, TD Securities increased their price target on shares of Emera from C$52.00 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$54.21.

Analyst Recommendations for Emera (TSE:EMA)

Shares of Emera (TSE:EMA) opened at 45.31 on Thursday. Emera has a 52-week low of $41.32 and a 52-week high of $50.19. The firm has a market capitalization of $9.12 billion and a P/E ratio of 20.52. The company’s 50-day moving average is $45.99 and its 200 day moving average is $47.25.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Friday, October 28th.

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In other Emera news, Director Christopher Huskilson purchased 4,000 shares of Emera stock in a transaction on Thursday, October 6th. The shares were acquired at an average cost of C$45.70 per share, for a total transaction 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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