CIBC Boosts Emera (TSE:EMA) Price Target to C$59.00

Emera (TSE:EMA) had its target price raised by equities research analysts at CIBC from C$58.00 to C$59.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 3.09% from the stock’s previous close.

A number of other research firms have also issued reports on EMA. Royal Bank of Canada raised their price target on Emera from C$60.00 to C$63.00 in a report on Monday. Wells Fargo & Company upped their price target on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Raymond James lifted their price objective on Emera from C$57.00 to C$59.00 in a research report on Monday. Three equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$58.10.

Emera Stock Down 0.8 %

Emera stock traded down C$0.46 during trading on Monday, reaching C$57.23. The stock had a trading volume of 222,145 shares, compared to its average volume of 1,556,767. Emera has a 52-week low of C$44.13 and a 52-week high of C$57.93. The firm has a 50 day moving average of C$54.45. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The stock has a market capitalization of C$16.78 billion, a PE ratio of 22.18, a PEG 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.