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

Emera (TSE:EMA) had its price objective lifted by analysts at Scotiabank from C$55.00 to C$60.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 7.37% from the stock’s current price.

A number of other brokerages have also recently issued reports on EMA. Raymond James raised their price objective on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC raised Emera from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. National Bankshares raised their target price on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada raised their target price on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Emera currently has an average rating of “Moderate Buy” and an average target price of C$55.80.

Emera Stock Up 0.4 %

Shares of TSE:EMA opened at C$55.88 on Thursday. The stock’s 50-day moving average price is C$52.27 and its 200-day moving average price is C$49.87. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.07. The stock has a market capitalization of C$16.12 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

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.