Brokerages Set Emera Inc (EMA) Price Target at $50.14

Emera Inc (TSE:EMA) has received a consensus rating of “Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$50.14.

A number of equities research analysts recently issued reports on EMA shares. BMO Capital Markets dropped their target price on Emera from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Raymond James Financial raised Emera from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. TD Securities dropped their target price on Emera from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Scotiabank lifted their target price on 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. Finally, National Bank Financial lowered Emera from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Sunday, January 28th.

Shares of Emera (EMA) traded down C$0.10 during trading on Friday, reaching C$40.91. The company had a trading volume of 690,241 shares, compared to its average volume of 849,097. Emera has a 1-year low of C$39.08 and a 1-year high of C$49.48. The firm has a market cap of $9,360.00, a price-to-earnings ratio of 14.93 and a beta of 0.10.

In related news, Director James Daniel Eisenhauer purchased 5,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of C$39.36 per share, with a total value of C$196,800.00. Also, Director Christopher Huskilson purchased 2,000 shares of the stock in a transaction on Friday, March 2nd. The shares were bought at an average cost of C$41.40 per share, for a total transaction of C$82,800.00. Insiders have acquired a total of 32,650 shares of company stock worth $1,322,262 in the last ninety days.

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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.

Analyst Recommendations for Emera (TSE:EMA)

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