Scotiabank Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA - Get Free Report) had its target price hoisted by analysts at Scotiabank from C$60.00 to C$62.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price target points to a potential upside of 9.68% from the company's previous close.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and increased their price objective for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. Cibc World Mkts upgraded Emera from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. CIBC upgraded Emera from a "neutral" rating to an "outperform" rating and upped their price target for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Finally, BMO Capital Markets lifted their price objective on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$57.30.

Emera Trading Up 1.1 %

TSE:EMA traded up C$0.60 during trading hours on Thursday, reaching C$56.53. 1,183,230 shares of the company were exchanged, compared to its average volume of 1,635,438. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm has a market cap of C$16.58 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 6.20 and a beta of 0.35. Emera has a twelve month low of C$44.13 and a twelve month high of C$56.70. The stock has a 50-day moving average of C$54.27.

About Emera

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.