Emera (TSE:EMA) PT Raised to C$62.00 at Royal Bank of Canada

Emera (TSE:EMA) had its price objective upped by research analysts at Royal Bank of Canada from C$59.00 to C$62.00 in a research report issued on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 8.79% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on EMA. National Bank Financial increased their price target on Emera from C$52.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. CSFB increased their price target on Emera from C$50.00 to C$56.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. BMO Capital Markets cut Emera from an “outperform” rating to a “market perform” rating and set a C$55.00 price target on the stock. in a report on Tuesday, August 13th. TD Securities increased their price target on Emera from C$55.00 to C$59.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Raymond James restated a “market perform” rating and set a C$56.00 price target on shares of Emera in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Emera has an average rating of “Hold” and a consensus target price of C$54.40.

Shares of Emera stock traded down C$0.05 on Wednesday, reaching C$56.99. 417,724 shares of the company’s stock were exchanged, compared to its average volume of 840,123. The company has a market capitalization of $13.67 billion and a P/E ratio of 17.64. Emera has a 52 week low of C$38.09 and a 52 week high of C$57.48. The firm’s 50-day moving average is C$54.84 and its two-hundred day moving average is C$51.28. The company has a debt-to-equity ratio of 181.23, a quick ratio of 0.39 and a current ratio of 0.60.

Emera Company Profile

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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