Emera (TSE:EMA) Price Target Raised to C$74.00 at TD Securities

Key Points

• TD Securities has raised its price target for Emera (TSE:EMA) from C$69.00 to C$74.00, indicating a potential upside of 12.53% from the stock's previous close.
• The stock has received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of C$64.33.
• Emera's stock price fluctuated, trading down C$1.15 to reach C$65.76 during midday trading, with a market cap of C$19.28 billion.

Emera (TSE:EMA - Get Free Report) had its price target boosted by investment analysts at TD Securities from C$69.00 to C$74.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective points to a potential upside of 11.83% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial cut their target price on shares of Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets upped their target price on Emera from C$65.00 to C$68.00 in a report on Monday. Desjardins set a C$62.00 target price on Emera and gave the stock a "hold" rating in a research report on Tuesday, May 6th. Finally, CIBC lifted their price target on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$64.33.

Emera Trading Up 0.8%

TSE:EMA traded up C$0.51 during trading hours on Monday, hitting C$66.17. The company had a trading volume of 857,542 shares, compared to its average volume of 1,277,081. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The stock has a 50-day moving average price of C$62.94 and a 200 day moving average price of C$60.57. The company has a market capitalization of C$19.40 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 52 week low of C$49.06 and a 52 week high of C$67.42.

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.