Emera (TSE:EMA) Price Target Raised to C$60.00

Emera (TSE:EMA) had its target price increased by equities researchers at BMO Capital Markets from C$58.00 to C$60.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 4.84% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and increased their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Scotiabank upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of Emera from C$60.00 to C$63.00 in a report on Monday. Finally, National Bankshares boosted their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Emera currently has an average rating of “Moderate Buy” and a consensus target price of C$58.10.

Emera Trading Down 0.8 %

Shares of EMA traded down C$0.46 during trading hours on Monday, reaching C$57.23. 222,145 shares of the company’s stock traded hands, compared to its average volume of 1,556,767. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm’s 50 day simple moving average is C$54.45. The company has a market capitalization of C$16.78 billion, a PE ratio of 22.18, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$44.13 and a 12 month high of C$57.93.

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.