Emera (OTCMKTS:EMRAF) Stock Price Passes Below Two Hundred Day Moving Average of $40.71

Shares of Emera Incorporated (OTCMKTS:EMRAF – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.71 and traded as low as $39.42. Emera shares last traded at $39.42, with a volume of 878 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on EMRAF shares. CIBC lifted their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Tuesday, January 10th. BMO Capital Markets decreased their price objective on shares of Emera from C$63.00 to C$61.00 in a research report on Monday, November 14th. TD Securities lifted their price objective on shares of Emera from C$63.00 to C$64.00 in a research report on Friday, February 24th. Royal Bank of Canada decreased their price objective on shares of Emera from C$72.00 to C$68.00 in a research report on Monday, November 14th. Finally, Credit Suisse Group decreased their price objective on shares of Emera from C$55.00 to C$54.00 in a research report on Friday, November 25th.

Emera Stock Performance

The firm’s fifty day moving average is $39.75 and its 200 day moving average is $40.71.

Emera Company Profile

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Emera, Inc engages in the provision of renewable energy. It operates through the following segments: Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities & Infrastructure and Other. The Florida Electric Utility segment refers to Tampa Electric. The Canadian Electric Utilities segment consists Nova Scotia Power Inc and Emera Newfoundland & Labrador Holdings Inc The Other Electric Utilities segment includes Emera Maine and Emera Caribbean Incorporated.