Emera (EMA) Price Target Lowered to C$51.00 at BMO Capital Markets
Emera (TSE:EMA) had its price target cut by research analysts at BMO Capital Markets from C$52.00 to C$51.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 27.72% from the company’s previous close.
A number of other equities analysts have also issued reports on the company. Scotiabank decreased their price objective on Emera from C$51.00 to C$50.00 and set a “sector perform” rating for the company in a report on Tuesday, January 2nd. TD Securities set a C$53.00 price objective on Emera and gave the stock a “buy” rating in a report on Friday, December 29th. National Bank Financial lowered Emera from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Sunday, January 28th. Finally, Raymond James Financial raised Emera from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$50.14.
Emera (TSE EMA) opened at C$39.93 on Monday. Emera has a fifty-two week low of C$39.90 and a fifty-two week high of C$49.48. The stock has a market capitalization of $9,110.00, a P/E ratio of 14.96 and a beta of -0.01.
In other Emera news, Director Robert John Scott Hanf sold 20,775 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total value of C$1,007,587.50.
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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