Emera (TSE:EMA) Shares Cross Above 200-Day Moving Average – Time to Sell?

Emera Incorporated (TSE:EMA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.96 and traded as high as C$70.60. Emera shares last traded at C$70.17, with a volume of 1,168,789 shares trading hands.

Wall Street Analysts Forecast Growth

EMA has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce upped their price objective on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Scotiabank lifted their price objective on shares of Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. National Bank Financial upped their target price on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada lifted their price target on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Finally, BMO Capital Markets boosted their price target on Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Trading Up 0.0%

The stock has a market capitalization of C$21.17 billion, a P/E ratio of 19.23, a P/E/G ratio of 6.20 and a beta of 0.59. The stock’s 50 day moving average price is C$67.86 and its 200-day moving average price is C$66.98. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Insider Buying and Selling at Emera

In other Emera news, Director Scott Carlyle Balfour sold 10,000 shares of Emera stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total value of C$677,500.00. Following the transaction, the director owned 7,733 shares in the company, valued at C$523,910.75. The trade was a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the transaction, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. This represents a 77.09% decrease in their ownership of the stock. Insiders own 0.09% of the company’s stock.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.