Emera (TSE:EMA) had its target price raised by Scotiabank from C$50.00 to C$51.00 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 5.24% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Emera from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a report on Monday, October 2nd. CIBC increased their target price on Emera from C$54.00 to C$56.00 in a report on Friday, September 29th. TD Securities increased their target price on Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Barclays increased their target price on Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$53.79.

Shares of Emera (TSE EMA) traded down C$0.20 on Wednesday, hitting C$48.46. The company had a trading volume of 591,768 shares, compared to its average volume of 524,255. Emera has a 12 month low of C$43.88 and a 12 month high of C$49.37.

In other news, insider Daniel Muldoon sold 16,700 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total transaction of C$790,411.00. Also, Director Robert John Scott Hanf sold 20,775 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of C$48.50, for a total value of C$1,007,587.50. Insiders sold a total of 38,775 shares of company stock valued at $1,859,177 over the last three months.

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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.

Stock Target Prices

Analyst Recommendations for Emera (TSE:EMA)

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