Emera (TSE:EMA) Given New C$62.00 Price Target at Scotiabank

Emera (TSE:EMA) had its target price lifted by analysts at Scotiabank from C$60.00 to C$62.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 10.67% from the company’s current price.

A number of other equities analysts also recently commented on EMA. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and increased their price target for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bankshares raised their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. 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. According to data from MarketBeat, Emera currently has a consensus rating of “Moderate Buy” and an average price target of C$57.30.

Emera Price Performance

EMA traded up C$0.30 on Thursday, reaching C$56.02. The company had a trading volume of 315,492 shares, compared to its average volume of 1,616,443. The company has a market capitalization of C$16.43 billion, a P/E ratio of 21.71, a PEG 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. Emera has a one year low of C$44.13 and a one year high of C$56.35. The company has a fifty day moving average of C$54.24 and a 200-day moving average of C$52.33.

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.