Emera (TSE:EMA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Emera (TSE:EMA) had its price objective raised by analysts at BMO Capital Markets from C$68.00 to C$72.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 6.98% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. National Bankshares lifted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Monday, August 11th. Royal Bank Of Canada lifted their price target on shares of Emera from C$70.00 to C$76.00 in a research report on Monday. Scotiabank increased their price target on Emera from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. 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, August 11th. Finally, Cibc World Mkts cut Emera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Emera currently has an average rating of “Moderate Buy” and an average target price of C$66.42.

Emera Stock Performance

EMA stock traded up C$0.07 during trading hours on Monday, hitting C$67.30. 194,442 shares of the stock were exchanged, compared to its average volume of 1,199,005. Emera has a 12 month low of C$49.58 and a 12 month high of C$69.62. 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 firm has a market capitalization of C$20.14 billion, a P/E ratio of 22.81, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a 50-day simple moving average of C$66.47 and a two-hundred day simple moving average of C$64.03.

Insider Activity at Emera

In other news, Director Archibald Collins sold 30,600 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total transaction of C$1,987,470.00. Following the completion of the transaction, the director directly owned 13,045 shares in the company, valued at approximately C$847,272.75. This represents a 70.11% decrease in their ownership of the stock. Also, Director Judy Ann Steele sold 794 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of C$64.90, for a total value of C$51,530.60. Following the sale, the director directly owned 352 shares in the company, valued at approximately C$22,844.80. This trade represents a 69.28% decrease in their position. Insiders have sold a total of 49,494 shares of company stock worth $3,213,691 over the last ninety days. 0.09% of the stock is currently owned by insiders.

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.