Emera Inc (EMA) Receives Average Recommendation of “Hold” from Analysts
Emera Inc (TSE:EMA) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$54.14.
Several research firms recently commented on EMA. CIBC lifted their target price on shares of Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. Scotiabank reiterated a “sector perform” rating and set a C$49.00 target price on shares of Emera in a research report on Tuesday, August 9th. Raymond James Financial Inc. reiterated a “market perform” rating and set a C$51.50 target price on shares of Emera in a research report on Thursday, September 22nd. CSFB lifted their target price on shares of Emera from C$54.00 to C$58.00 in a research report on Monday, July 25th. Finally, BMO Capital Markets lifted their target price on shares of Emera from C$50.00 to C$52.00 in a research report on Thursday, July 7th.
Shares of Emera (TSE:EMA) traded down 0.37% during midday trading on Tuesday, hitting $45.55. 266,164 shares of the stock traded hands. Emera has a 52 week low of $41.32 and a 52 week high of $50.19. The firm has a 50-day moving average price of $47.32 and a 200-day moving average price of $47.48. The stock has a market capitalization of $9.08 billion and a P/E ratio of 14.19.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/emera-inc-ema-receives-average-recommendation-of-hold-from-analysts.html
In related news, Director Allan Leslie Edgeworth acquired 567 shares of the stock in a transaction dated Friday, August 5th. The stock was bought at an average price of C$49.28 per share, for a total transaction of C$27,941.76. Also, Director Christopher Huskilson acquired 4,000 shares of the stock in a transaction dated Thursday, October 6th. The stock was bought at an average price of C$45.70 per share, with a total value of C$182,800.00.
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
Receive News & Ratings for Emera Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Inc and related companies with MarketBeat.com's FREE daily email newsletter.