BMO Capital Markets Increases Emera Inc (EMA) Price Target to C$52.00
Emera Inc (TSE:EMA) had its price target raised by research analysts at BMO Capital Markets from C$51.00 to C$52.00 in a research report issued on Monday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 9.80% from the company’s previous close.
EMA has been the topic of several other research reports. Barclays PLC lifted their price objective on Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. TD Securities boosted their price objective on Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, CIBC upped their target price on Emera from C$54.00 to C$56.00 in a research note on Friday, September 29th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$53.17.
Emera (TSE EMA) opened at 47.36 on Monday. The company has a market cap of $10.05 billion and a PE ratio of 24.82. Emera has a one year low of $43.76 and a one year high of $49.24. The firm has a 50-day moving average of $47.22 and a 200-day moving average of $47.40.
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In related news, insider Bruce Marchand sold 1,300 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00.
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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