Emera Inc (EMA) Given Average Recommendation of “Hold” by Brokerages

Emera Inc (TSE:EMA) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$53.44.

Several analysts have recently weighed in on EMA shares. CIBC lifted their target price on shares of Emera from C$54.00 to C$56.00 in a research report 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 report on Monday, October 2nd. 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 report on Wednesday, December 6th. TD Securities set a C$53.00 target price on shares of Emera and gave the company a “buy” rating in a research report on Friday, December 29th. Finally, National Bank Financial set a C$52.00 price target on shares of Emera and gave the company a “sector perform” rating in a report on Friday, December 29th.

In related news, Director Robert John Scott Hanf sold 20,775 shares of Emera stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$48.50, for a total transaction of C$1,007,587.50.

Shares of Emera (TSE EMA) opened at C$46.30 on Thursday. Emera has a 12-month low of C$44.68 and a 12-month high of C$49.48. The firm has a market cap of $9,870.00, a PE ratio of 17.34 and a beta of 0.04.

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About Emera

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.

Analyst Recommendations for Emera (TSE:EMA)

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