Emera Inc (TSE:EMA) Receives Average Recommendation of “Buy” from Brokerages
Shares of Emera Inc (TSE:EMA) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$53.35.
EMA has been the subject of a number of recent analyst reports. Barclays PLC raised their price target on shares of Emera from C$51.00 to C$55.00 in a report on Friday, April 21st. Wells Fargo & Company initiated coverage on shares of Emera in a report on Thursday, April 13th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$59.00 price target on shares of Emera in a report on Wednesday, March 29th.
Shares of Emera (TSE EMA) traded down 0.82% during trading on Monday, reaching $48.21. 951,284 shares of the company’s stock traded hands. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $46.59. The company has a market capitalization of $10.17 billion and a price-to-earnings ratio of 18.32. Emera has a 1-year low of $43.76 and a 1-year high of $50.19.
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Emera Company Profile
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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