Emera (TSE:EMA) Given New C$55.00 Price Target at National Bankshares

Emera (TSE:EMA) had its price target boosted by National Bankshares from C$54.00 to C$55.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on the company. Bank of America raised Emera from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. Royal Bank of Canada upped their price target on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Raymond James boosted their price objective on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Scotiabank increased their target price on shares of Emera from C$55.00 to C$60.00 in a research note on Thursday. Finally, Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$55.80.

Emera Stock Performance

Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$55.84. The company has a market cap of C$16.06 billion, a P/E ratio of 21.67, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The business has a 50 day simple moving average of C$52.19 and a 200 day simple moving average of C$49.81.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were given a dividend of $0.725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of ∞. Emera’s payout ratio is 112.84%.

About Emera

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.