Emera (TSE:EMA) Price Target Raised to C$64.00

Emera (TSE:EMA) had its target price increased by CIBC from C$63.00 to C$64.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 4.22% from the company’s current price.

A number of other brokerages have also recently weighed in on EMA. Royal Bank of Canada raised their price objective on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Scotiabank lifted their price objective on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group raised their price target on shares of Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. Raymond James reduced their price objective on shares of Emera from C$64.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Finally, BMO Capital Markets boosted their price target on Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emera has an average rating of “Moderate Buy” and a consensus price target of C$58.64.

Emera Trading Up 0.4 %

Shares of EMA stock opened at C$61.41 on Thursday. The stock has a market cap of C$18.01 billion, a P/E ratio of 23.80, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$63.13. The business has a fifty day simple moving average of C$59.22 and a 200-day simple moving average of C$55.41. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.