Emera Inc (TSE:EMA) Given Average Rating of “Hold” by Analysts

Shares of Emera Inc (TSE:EMA) have been assigned an average rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$55.60.

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EMA has been the subject of a number of analyst reports. Raymond James reiterated a “market perform” rating and set a C$56.00 price target on shares of Emera in a research report on Monday, November 11th. CSFB boosted their price objective on Emera from C$50.00 to C$56.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price objective on Emera from C$55.00 to C$57.00 in a research note on Monday, September 9th. TD Securities boosted their price objective on Emera from C$55.00 to C$59.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada boosted their price objective on Emera from C$59.00 to C$62.00 in a research note on Wednesday, August 21st.

EMA stock traded up C$0.16 during trading on Friday, reaching C$55.22. 587,136 shares of the company’s stock were exchanged, compared to its average volume of 979,501. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 183.94. Emera has a 1-year low of C$41.73 and a 1-year high of C$58.89. The company’s fifty day moving average price is C$55.42 and its 200-day moving average price is C$54.73. The firm has a market cap of $13.27 billion and a PE ratio of 18.76.

About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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