Emera (TSE:EMA) had its target price upped by analysts at National Bank Financial from C$43.00 to C$44.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 8.16% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Scotiabank cut their price objective on Emera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Monday, May 14th. CIBC cut their price objective on Emera from C$55.00 to C$52.00 in a report on Friday, May 11th. TD Securities cut their price objective on Emera from C$53.00 to C$49.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Royal Bank of Canada cut their price objective on Emera from C$57.00 to C$50.00 and set an “outperform” rating on the stock in a report on Tuesday, February 13th. Finally, BMO Capital Markets cut their price objective on Emera from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$49.75.
Shares of Emera traded up C$0.18, reaching C$40.68, during mid-day trading on Friday, MarketBeat reports. The stock had a trading volume of 348,388 shares, compared to its average volume of 694,867. Emera has a 1-year low of C$39.08 and a 1-year high of C$49.48.
In related news, Director Christopher Huskilson bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average cost of C$40.20 per share, with a total value of C$402,000.00. Over the last ninety days, insiders have purchased 34,000 shares of company stock worth $1,392,600.
Emera Company Profile
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.
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