Royal Bank of Canada Raises Emera (OTCMKTS:EMRAF) Price Target to C$72.00

Emera (OTCMKTS:EMRAFGet Rating) had its target price raised by analysts at Royal Bank of Canada from C$66.00 to C$72.00 in a research report issued on Tuesday, The Fly reports.

EMRAF has been the topic of a number of other reports. National Bank Financial lifted their target price on Emera from C$59.00 to C$60.00 in a research report on Monday. BMO Capital Markets lifted their price target on Emera from C$65.00 to C$68.00 in a research note on Friday, March 18th. Finally, Scotiabank lifted their price target on Emera from C$65.00 to C$69.00 in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.83.

Shares of OTCMKTS EMRAF traded up $0.93 during midday trading on Tuesday, reaching $48.76. 2,546 shares of the company’s stock were exchanged, compared to its average volume of 7,109. Emera has a 52-week low of $44.66 and a 52-week high of $52.56. The business’s fifty day moving average price is $49.16 and its two-hundred day moving average price is $47.97.

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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