Emera Inc (TSE:EMA) Price Target Raised to C$53.00
Emera Inc (TSE:EMA) had its price objective upped by investment analysts at TD Securities from C$51.00 to C$53.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 12.89% from the stock’s current price.
Separately, Barclays PLC increased their target price on shares of Emera from C$53.00 to C$54.00 in a research note on Monday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Emera has an average rating of “Buy” and a consensus target price of C$53.06.
Shares of Emera (TSE EMA) traded up 0.45% during midday trading on Monday, reaching $47.16. 238,728 shares of the company’s stock were exchanged. The stock has a market cap of $9.95 billion and a PE ratio of 17.92. Emera has a 12-month low of $43.76 and a 12-month high of $49.24. The stock’s 50 day moving average is $47.29 and its 200-day moving average is $46.94.
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Emera Company Profile
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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