Emera (EMA) Price Target Cut to C$51.00 by Analysts at BMO Capital Markets
Several other equities research analysts also recently weighed in on EMA. National Bank Financial set a C$52.00 price target on shares of Emera and gave the company a sector perform rating in a research note on Friday, December 29th. Raymond James Financial raised shares of Emera from a market perform rating to an outperform rating in a research note on Friday, February 9th. TD Securities set a C$53.00 price target on shares of Emera and gave the company a buy rating in a research note on Friday, December 29th. Finally, Scotiabank boosted their target price on shares of Emera from C$50.00 to C$51.00 and gave the stock a sector perform rating in a research report on Wednesday, December 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Emera has an average rating of Buy and an average target price of C$50.14.
Shares of Emera (TSE EMA) opened at C$39.69 on Monday. Emera has a 52 week low of C$39.08 and a 52 week high of C$49.48. The firm has a market cap of $9,060.00, a price-to-earnings ratio of 14.49 and a beta of -0.01.
In other news, Director Robert John Scott Hanf sold 20,775 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$48.50, for a total transaction of C$1,007,587.50. Also, Director James Daniel Eisenhauer bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average cost of C$39.36 per share, with a total value of C$196,800.00.
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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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