Emera Stock Rating Reaffirmed by National Bank Financial (EMA)
Emera (TSE:EMA)‘s stock had its “sector perform” rating reiterated by investment analysts at National Bank Financial in a note issued to investors on Wednesday, ARN reports. They currently have a C$34.00 target price on the stock. National Bank Financial’s price objective indicates a potential upside of 10.75% from the company’s current price.
Emera (TSE:EMA) traded up 0.10% on Wednesday, hitting $30.73. The stock had a trading volume of 324,933 shares. Emera has a 52-week low of $28.77 and a 52-week high of $37.34. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $30.76. The company has a market cap of $4.070 billion and a price-to-earnings ratio of 16.78.
Other equities research analysts have also recently issued reports about the stock. Analysts at NBF initiated coverage on shares of Emera in a research note to investors on Wednesday. They set a “sector perform” rating and a C$34.00 price target on the stock. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Emera in a research note to investors on Tuesday. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Emera in a research note to investors on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$34.58.
Emera Incorporated (TSE:EMA)is an energy and services company.
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