Emera (EMA) Sets New 1-Year High After Analyst Upgrade
Shares of Emera Incorporated (TSE:EMA) reached a new 52-week high during mid-day trading on Wednesday after Scotiabank raised their price target on the stock from C$50.00 to C$51.00. Scotiabank currently has a sector perform rating on the stock. Emera traded as high as C$49.48 and last traded at C$48.46, with a volume of 591768 shares changing hands. The stock had previously closed at C$48.66.
Several other equities analysts have also recently commented on EMA. Barclays boosted 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 target price 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. CIBC boosted their target price on shares of Emera from C$54.00 to C$56.00 in a research report on Friday, September 29th. Finally, BMO Capital Markets boosted their target price on shares of Emera from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$53.79.
In other Emera news, insider Daniel Muldoon sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of C$47.33, for a total value of C$790,411.00. Also, insider Bruce Marchand sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total transaction of C$61,178.00. Over the last 90 days, insiders sold 38,775 shares of company stock valued at $1,859,177.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/12/07/emera-ema-sets-new-1-year-high-after-analyst-upgrade.html.
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.
Receive News & Stock Ratings for Emera Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Incorporated and related stocks with our FREE daily email newsletter.