Emera Incorporated (TSE:EMA) Receives C$65.50 Average Price Target from Brokerages

Shares of Emera Incorporated (TSE:EMA) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$65.50.

EMA has been the topic of several recent analyst reports. National Bankshares lifted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Monday, August 11th. Cibc World Mkts downgraded shares of Emera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets boosted their price target on shares of Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Desjardins increased their price objective on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, Scotiabank lifted their target price on Emera from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Monday, October 6th.

Insider Buying and Selling

In related news, Director Archibald Collins sold 30,600 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the completion of the transaction, the director directly owned 13,045 shares of the company’s stock, valued at approximately C$847,272.75. This trade represents a 70.11% decrease in their ownership of the stock. Also, Director Judy Ann Steele sold 794 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$51,530.60. Following the completion of the sale, the director owned 352 shares in the company, valued at C$22,844.80. This represents a 69.28% decrease in their position. In the last ninety days, insiders sold 49,494 shares of company stock worth $3,213,691. Corporate insiders own 0.09% of the company’s stock.

Emera Stock Up 0.7%

Shares of EMA opened at C$67.52 on Friday. The business’s 50 day moving average is C$66.43 and its 200 day moving average is C$63.94. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 12-month low of C$49.47 and a 12-month high of C$69.62. The company has a market capitalization of C$20.21 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.