Emera Incorporated (EMA) Receives Average Rating of “Hold” from Analysts
Emera Incorporated (TSE:EMA) has been assigned an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$53.79.
A number of research analysts have recently issued reports on the stock. CIBC lifted their target price on shares of Emera from C$54.00 to C$56.00 in a research note on Friday, September 29th. BMO Capital Markets lifted their target price on shares of Emera from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research note on Monday, October 2nd. Finally, Scotiabank lifted their target price on shares of Emera from C$50.00 to C$51.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 6th.
In related news, Director Robert John Scott Hanf sold 20,775 shares of the business’s stock in a transaction that occurred 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. Also, insider Daniel Muldoon sold 16,700 shares of the business’s stock in a transaction that occurred 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.
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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