Emera (TSE:EMA) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Emera (TSE:EMA) had its price target upped by equities research analysts at Royal Bank of Canada from C$60.00 to C$63.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 10.08% from the stock’s previous close.

EMA has been the subject of a number of other reports. Raymond James boosted their target price on shares of Emera from C$57.00 to C$59.00 in a research note on Monday. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and raised their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Scotiabank boosted their price target on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, BMO Capital Markets upped their price objective on shares of Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Stock Down 0.8 %

TSE EMA traded down C$0.46 during trading hours on Monday, hitting C$57.23. The company had a trading volume of 222,145 shares, compared to its average volume of 1,556,767. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$57.93. The company has a market cap of C$16.78 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The business has a fifty day moving average of C$54.45.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.