Emera (TSE:EMA) Price Target Lowered to C$50.00 at Scotiabank

Emera (TSE:EMA) had its price target reduced by Scotiabank from C$51.00 to C$50.00 in a research report released on Tuesday, January 2nd. They currently have a sector perform rating on the stock.

EMA has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on Emera from C$51.00 to C$52.00 and gave the company a market perform rating in a research report on Monday, October 2nd. TD Securities set a C$53.00 target price on Emera and gave the company a buy rating in a research report on Friday, December 29th. CIBC boosted their target price on Emera from C$54.00 to C$56.00 in a research report on Friday, September 29th. Finally, National Bank Financial set a C$52.00 target price on Emera and gave the company a sector perform rating in a research report on Friday, December 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Emera has a consensus rating of Hold and a consensus target price of C$53.44.

Emera (TSE:EMA) opened at C$46.18 on Tuesday. The firm has a market capitalization of $10,530.00, a P/E ratio of 17.30 and a beta of 0.04. Emera has a twelve month low of C$44.68 and a twelve month high of C$49.48.

Emera (TSE:EMA) last released its quarterly earnings data on Tuesday, November 14th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.19). Emera had a net margin of 6.94% and a return on equity of 5.43%.

In related news, Director Robert John Scott Hanf sold 20,775 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$48.50, for a total value of C$1,007,587.50.

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About Emera

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

Analyst Recommendations for Emera (TSE:EMA)

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