Emera (TSE:EMA - Get Free Report) had its price objective lifted by stock analysts at CIBC from C$59.00 to C$63.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 9.24% from the company's current price.
Several other brokerages have also weighed in on EMA. National Bankshares raised their target price on Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and raised their price objective for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Scotiabank increased their target price on shares of Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets lifted their price target on shares of Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emera has a consensus rating of "Moderate Buy" and an average target price of C$58.55.
Check Out Our Latest Report on Emera
Emera Price Performance
EMA traded down C$0.89 during trading on Friday, reaching C$57.67. The stock had a trading volume of 2,364,440 shares, compared to its average volume of 1,500,934. The stock has a 50 day moving average of C$58.03 and a two-hundred day moving average of C$54.73. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The firm has a market capitalization of C$16.91 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 1-year low of C$44.13 and a 1-year high of C$63.13.
About Emera
(
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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.
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