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.
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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.
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