Emera (TSE:EMA) Price Target Raised to C$62.00 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 objective lifted by equities researchers at National Bankshares from C$60.00 to C$62.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price objective indicates a potential downside of 5.57% from the company's current price.

A number of other equities research analysts have also recently commented on EMA. Desjardins set a C$62.00 price target on Emera and gave the company a "hold" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada raised their price objective on Emera from C$69.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Monday. BMO Capital Markets raised their price objective on Emera from C$65.00 to C$68.00 in a research note on Monday. TD Securities raised their price objective on Emera from C$69.00 to C$74.00 and gave the stock a "buy" rating in a research note on Monday. Finally, CIBC cut Emera from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from C$65.00 to C$68.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Emera currently has an average rating of "Moderate Buy" and a consensus price target of C$64.33.

Emera Stock Up 1.4%

Emera stock traded up C$0.88 during midday trading on Monday, reaching C$65.66. The company's stock had a trading volume of 1,244,960 shares, compared to its average volume of 1,279,771. The stock's 50-day simple moving average is C$62.82 and its 200-day simple moving average is C$60.49. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 52-week low of C$49.06 and a 52-week high of C$67.42. The stock has a market capitalization of C$19.25 billion, a P/E ratio of 25.45, a PEG ratio of 6.20 and a beta of 0.35.

Emera Company Profile

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.