Emera (TSE:EMA – Get Free Report) had its target price cut by research analysts at Barclays from C$74.00 to C$71.00 in a note issued to investors on Monday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 0.41% from the stock’s current price.
A number of other analysts have also recently weighed in on EMA. Scotiabank boosted their price target on Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on Emera from C$76.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday. TD boosted their price objective on shares of Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets upped their price objective on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial raised their target price on shares of Emera from C$75.25 to C$77.00 and gave the company an “outperform” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$76.67.
Get Our Latest Analysis on EMA
Emera Stock Down 0.2%
Emera (TSE:EMA – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.69 EPS for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%.The business had revenue of C$2.01 billion during the quarter. As a group, analysts forecast that Emera will post 3.1991627 EPS for the current fiscal year.
Insider Transactions at Emera
In other news, insider Richard Janega sold 16,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the transaction, the insider owned 19,642 shares in the company, valued at approximately C$1,458,418.50. This represents a 45.65% decrease in their position. 0.09% of the stock is owned by company insiders.
About Emera
Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.
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