Emera (TSE:EMA) had its price target dropped by research analysts at Royal Bank of Canada from C$57.00 to C$50.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 25.98% from the stock’s previous close.
A number of other research firms also recently commented on EMA. National Bank Financial set a C$52.00 target price on Emera and gave the stock a “sector perform” rating in a report on Friday, December 29th. Raymond James Financial raised Emera from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. BMO Capital Markets reduced their target price on Emera from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a report on Monday. TD Securities set a C$53.00 target price on Emera and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Scotiabank increased their target price on Emera from C$50.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$50.14.
Emera (TSE EMA) opened at C$39.69 on Tuesday. The company has a market capitalization of $9,060.00, a PE ratio of 14.49 and a beta of -0.01. Emera has a 1-year low of C$39.08 and a 1-year high of C$49.48.
In related news, Director James Daniel Eisenhauer purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average price of C$39.36 per share, with a total value of C$196,800.00. Also, Director Robert John Scott Hanf sold 20,775 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total value of C$1,007,587.50.
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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.
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