Bruce Marchand Sells 1,300 Shares of Emera Inc (EMA) Stock
Emera Inc (TSE:EMA) insider Bruce Marchand sold 1,300 shares of Emera stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total transaction of C$61,178.00.
Emera Inc (TSE:EMA) traded down 1.29% during trading on Friday, reaching $45.99. 2,618,565 shares of the company’s stock were exchanged. Emera Inc has a 52-week low of $43.76 and a 52-week high of $49.24. The firm has a market cap of $9.76 billion and a P/E ratio of 24.10. The stock’s 50 day moving average price is $47.23 and its 200 day moving average price is $47.27.
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Several analysts have recently weighed in on EMA shares. Barclays PLC lifted their target price on shares of Emera from C$53.00 to C$54.00 in a research report on Monday, August 14th. TD Securities boosted their price target on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Emera presently has a consensus rating of “Buy” and a consensus target price of C$53.06.
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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