Emera (TSE:EMA) Price Target Raised to C$59.00
Emera (TSE:EMA) had its price target lifted by TD Securities from C$55.00 to C$59.00 in a report published on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Raymond James raised their price objective on shares of Emera from C$50.00 to C$56.00 in a report on Friday, July 26th. CSFB raised their price objective on shares of Emera from C$50.00 to C$56.00 and gave the stock a neutral rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Emera from C$45.00 to C$49.00 in a report on Monday, April 15th. BMO Capital Markets raised their price objective on shares of Emera from C$51.00 to C$53.00 in a report on Wednesday, June 26th. Finally, National Bank Financial raised their price objective on shares of Emera from C$51.00 to C$52.00 and gave the stock a sector perform rating in a report on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Emera currently has a consensus rating of Hold and an average price target of C$54.10.
Shares of TSE EMA opened at C$56.32 on Tuesday. The company’s fifty day moving average is C$54.50 and its 200-day moving average is C$51.11. The stock has a market cap of $13.40 billion and a price-to-earnings ratio of 17.59. Emera has a twelve month low of C$38.09 and a twelve month high of C$56.80. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 187.67.
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.
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