Emera (TSE:EMA) had its price target increased by Royal Bank of Canada from C$59.00 to C$62.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
Other equities research analysts have also issued research reports about the stock. Raymond James reissued a market perform rating and set a C$56.00 target price on shares of Emera in a research note on Tuesday, August 13th. BMO Capital Markets lowered shares of Emera from an outperform rating to a market perform rating and set a C$55.00 price objective for the company. in a research note on Tuesday, August 13th. TD Securities lifted their price objective on shares of Emera from C$55.00 to C$59.00 and gave the company a buy rating in a research note on Tuesday, August 13th. National Bank Financial lifted their price objective on shares of Emera from C$52.00 to C$54.00 and gave the company a sector perform rating in a research note on Tuesday, August 13th. Finally, CSFB lifted their price objective on shares of Emera from C$50.00 to C$56.00 and gave the company a neutral rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Emera currently has an average rating of Hold and a consensus price target of C$54.40.
Shares of TSE:EMA opened at C$56.23 on Wednesday. The firm has a fifty day moving average of C$54.97 and a two-hundred day moving average of C$51.45. The firm has a market capitalization of $13.42 billion and a P/E ratio of 17.40. Emera has a 12-month low of C$38.09 and a 12-month high of C$57.48. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 181.23.
Emera Company Profile
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.
Further Reading: How does the Federal Reserve determine interest rates?
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.