Emera (TSE:EMA) Stock Price Expected to Rise, National Bankshares Analyst Says

Emera (TSE:EMA) had its price objective raised by equities research analysts at National Bankshares from C$54.00 to C$55.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential downside of 1.57% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on EMA. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Raymond James upped their price target on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$55.80.

Emera Stock Up 0.4 %

Shares of Emera stock opened at C$55.88 on Thursday. The company has a market cap of C$16.12 billion, a P/E ratio of 21.74, a PEG 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. Emera has a one year low of C$44.13 and a one year high of C$56.07. The firm has a fifty day moving average of C$52.27 and a two-hundred day moving average of C$49.87.

About Emera

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.