Emera (OTCMKTS:EMRAF) Shares Pass Above 50 Day Moving Average of $38.71

Emera Incorporated (OTCMKTS:EMRAF – Get Rating)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $38.71 and traded as high as $40.54. Emera shares last traded at $40.54, with a volume of 694 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on EMRAF. Royal Bank of Canada decreased their price objective on shares of Emera from C$72.00 to C$68.00 in a report on Monday, November 14th. Scotiabank reduced their target price on Emera from C$69.00 to C$59.00 in a report on Thursday, October 20th. Credit Suisse Group decreased their price target on Emera from C$55.00 to C$54.00 in a research note on Friday, November 25th. BMO Capital Markets reduced their target price on Emera from C$63.00 to C$61.00 in a report on Monday, November 14th. Finally, TD Securities cut their target price on Emera from C$64.00 to C$63.00 in a research note on Monday, November 14th.

Emera Stock Up 1.2 %

The stock has a 50 day moving average price of $38.71 and a 200 day moving average price of $42.20.

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.