Emera (OTCMKTS:EMRAF) Price Target Cut to $54.00

Emera (OTCMKTS:EMRAF) had its price objective decreased by equities research analysts at BMO Capital Markets from $55.00 to $54.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 61.77% from the company’s current price.

Emera Stock Up 0.4 %

EMRAF traded up $0.13 during trading on Monday, hitting $33.38. The company’s stock had a trading volume of 4,700 shares, compared to its average volume of 39,011. Emera has a twelve month low of $31.85 and a twelve month high of $43.89. The business’s fifty day simple moving average is $34.51 and its 200 day simple moving average is $35.43.

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.