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

Emera (TSE:EMA) had its price objective raised by stock analysts at Royal Bank of Canada from C$60.00 to C$63.00 in a research report issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 10.08% from the company’s current price.

Other analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. CIBC raised Emera from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. BMO Capital Markets increased their price objective on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Finally, Raymond James upped their target price on Emera from C$57.00 to C$59.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$58.10.

Emera Trading Down 0.8 %

EMA stock traded down C$0.46 during mid-day trading on Monday, hitting C$57.23. The stock had a trading volume of 222,145 shares, compared to its average volume of 1,556,767. Emera has a 1-year low of C$44.13 and a 1-year high of C$57.93. The business’s fifty day moving average price is C$54.45. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$16.78 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

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.