BMO Capital Markets Boosts Emera (TSE:EMA) Price Target to C$58.00

Emera (TSE:EMA) had its price objective raised by analysts at BMO Capital Markets from C$54.00 to C$58.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 3.79% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Royal Bank of Canada boosted their price target on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and upped their price objective for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. National Bankshares upped their price objective on shares of Emera from C$54.00 to C$55.00 in a report on Thursday. Finally, CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$55.80.

Emera Stock Performance

Shares of EMA opened at C$55.88 on Thursday. Emera has a 1 year low of C$44.13 and a 1 year high of C$56.07. The company has a market cap of C$16.12 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a fifty day moving average of C$52.27 and a 200-day moving average of C$49.87.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.