Emera Incorporated (OTCMKTS:EMRAF) Given Average Recommendation of “Hold” by Analysts

Emera Incorporated (OTCMKTS:EMRAF – Get Rating) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.50.

A number of brokerages have commented on EMRAF. Scotiabank lifted their price target on Emera from C$65.00 to C$69.00 in a research note on Tuesday, April 19th. BMO Capital Markets boosted their price objective on shares of Emera from C$65.00 to C$68.00 in a research report on Friday, March 18th.

OTCMKTS EMRAF opened at $48.48 on Tuesday. Emera has a 1-year low of $44.66 and a 1-year high of $52.56. The stock has a 50-day moving average of $49.13 and a 200-day moving average of $47.92.

About Emera (Get Rating)

Emera Incorporated, an energy and services company, 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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