Emera (EMA) Stock Price Up -1.7%

Emera Inc (TSE:EMA) shares rose 1.7% during trading on Friday . The stock traded as high as C$44.84 and last traded at C$44.22. Approximately 560,653 shares changed hands during trading, a decline of 20% from the average daily volume of 698,512 shares. The stock had previously closed at C$44.97.

EMA has been the subject of several recent research reports. Scotiabank reduced their target price on shares of Emera from C$51.00 to C$50.00 and set a “sector perform” rating for the company in a report on Tuesday, January 2nd. TD Securities set a C$53.00 target price on shares of Emera and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, National Bank Financial set a C$52.00 target price on shares of Emera and gave the stock a “sector perform” rating in a report on Friday, December 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Emera has an average rating of “Hold” and a consensus target price of C$53.44.

The firm has a market cap of $10,250.00, a PE ratio of 16.57 and a beta of 0.04.

Emera (TSE:EMA) last issued its quarterly earnings data on Tuesday, November 14th. The company reported C$0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 other news, Director Robert John Scott Hanf sold 20,775 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$48.50, for a total value of C$1,007,587.50.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/02/emera-ema-stock-price-up-1-7.html.

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.

Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply