Emera Inc (EMA) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Emera Inc (TSE:EMA) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$53.06.
Several analysts have issued reports on EMA shares. Barclays PLC upped their price target on shares of Emera from C$53.00 to C$54.00 in a research report on Monday, August 14th. TD Securities upped their price target on shares of Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 14th.
Emera (EMA) opened at 47.82 on Friday. The company has a market cap of $10.15 billion and a P/E ratio of 25.06. Emera has a one year low of $43.76 and a one year high of $49.24. The company has a 50-day moving average of $47.24 and a 200 day moving average of $47.22.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were given a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Friday, July 28th.
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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