Emera (TSE:EMA) PT Set at C$69.00 by TD Securities

Emera (TSE:EMA - Get Free Report) received a C$69.00 price objective from equities research analysts at TD Securities in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 12.62% from the stock's previous close.

A number of other research firms have also weighed in on EMA. Raymond James Financial dropped their price objective 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 shares of Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Desjardins set a C$62.00 price target on shares of Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. CIBC boosted their price objective on Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, UBS Group raised their target price on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$60.58.

Emera Stock Up 0.2%

Shares of EMA traded up C$0.15 during trading hours on Friday, reaching C$61.27. The stock had a trading volume of 252,181 shares, compared to its average volume of 1,359,545. The firm has a 50-day simple moving average of C$61.23 and a 200 day simple moving average of C$58.11. Emera has a 12 month low of C$44.13 and a 12 month high of C$63.31. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The company has a market capitalization of C$17.97 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Company Profile

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.

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