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

Key Points

• Analysts at National Bankshares have raised the price target for Emera from C$60.00 to C$62.00, indicating a potential downside of 5.72% from the company's previous close.
• Multiple brokerages reported varying price targets for Emera, with CIBC lowering its rating from "outperform" to "neutral" while TD Securities increased their price target to C$74.00 and maintained a "buy" rating.
• Emera's stock has a consensus rating of "Moderate Buy" and a consensus price target of C$64.33, with a market capitalization of C$19.28 billion.

Emera (TSE:EMA - Get Free Report) had its price target raised by National Bankshares from C$60.00 to C$62.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price target suggests a potential downside of 6.30% from the company's previous close.

Several other analysts also recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Emera from C$69.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Monday. CIBC cut Emera from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from C$65.00 to C$68.00 in a research report on Monday. Desjardins set a C$62.00 target price on Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. Scotiabank lifted their price target on Emera from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, BMO Capital Markets raised their target price on shares of Emera from C$65.00 to C$68.00 in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emera has a consensus rating of "Moderate Buy" and a consensus price target of C$64.33.

Emera Stock Up 0.8%

Shares of TSE EMA traded up C$0.51 during midday trading on Monday, hitting C$66.17. 857,542 shares of the company's stock were exchanged, compared to its average volume of 1,277,081. The firm's fifty day simple moving average is C$62.94 and its 200-day simple moving average is C$60.57. The company has a market cap of C$19.40 billion, a PE ratio of 25.65, a P/E/G ratio of 6.20 and a beta of 0.35. Emera has a twelve month low of C$49.06 and a twelve month high of C$67.42. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.