Emera (EMA) Price Target Raised to C$51.00 at Scotiabank
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.
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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