Emera Receives Average Recommendation of “Hold” from Brokerages (TSE:EMA)
Shares of Emera (TSE:EMA) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, ARN reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$36.64.
Several analysts have recently commented on the stock. Analysts at NBF raised their price target on shares of Emera from C$33.50 to C$34.00 in a research note on Wednesday. Analysts at RBC Capital raised their price target on shares of Emera from C$37.00 to C$38.00 in a research note on Wednesday.
Shares of Emera (TSE:EMA) traded up 0.65% on Wednesday, hitting $33.97. 29,066 shares of the company’s stock traded hands. Emera has a 52 week low of $28.77 and a 52 week high of $35.72. The stock has a 50-day moving average of $34.15 and a 200-day moving average of $33.78. The company has a market cap of $4.831 billion and a price-to-earnings ratio of 15.77.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, July 29th.
Emera Incorporated (TSE:EMA) is an energy and services company.
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