Emera (TSE:EMA) Price Target Raised to C$59.00 at CIBC

Emera (TSE:EMA - Get Free Report) had its price objective increased by research analysts at CIBC from C$58.00 to C$59.00 in a research report issued on Monday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 1.99% from the stock's current price.

Other research analysts have also issued research reports about the stock. Scotiabank lifted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their price target on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. National Bankshares upped their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Raymond James raised their price objective on Emera from C$57.00 to C$59.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and boosted their target price for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$58.10.

Emera Trading Down 0.4 %

TSE:EMA traded down C$0.25 during mid-day trading on Monday, hitting C$57.85. The company had a trading volume of 173,988 shares, compared to its average volume of 1,544,026. The firm has a market cap of C$16.96 billion, a P/E ratio of 22.42, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$58.73. The business's fifty day moving average is C$54.65 and its two-hundred day moving average is C$52.88. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

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Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.