Shares of Emera Incorporated (OTCMKTS:EMRAF) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $60.20.
Several research firms have commented on EMRAF. Credit Suisse Group boosted their target price on Emera from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, January 28th. CIBC dropped their price objective on Emera from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 13th. Industrial Alliance Securities cut Emera from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 17th. National Bank Financial reiterated a “sector perform” rating on shares of Emera in a research note on Wednesday, January 27th. Finally, Scotiabank upgraded Emera from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 27th.
OTCMKTS EMRAF opened at $44.97 on Monday. The stock’s 50 day moving average price is $42.27 and its two-hundred day moving average price is $41.91. Emera has a 52 week low of $33.59 and a 52 week high of $46.13.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. It operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.
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