Emera (OTCMKTS:EMRAF) Stock Price Passes Below 200-Day Moving Average of $38.70

Emera Incorporated (OTCMKTS:EMRAF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.70 and traded as low as $35.77. Emera shares last traded at $35.82, with a volume of 27,468 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Emera from C$68.00 to C$66.00 in a research report on Monday, August 14th. Scotiabank decreased their target price on shares of Emera from C$61.00 to C$57.00 in a research report on Monday, September 18th. BMO Capital Markets decreased their target price on shares of Emera from C$61.00 to C$60.00 in a research report on Monday, August 14th. CIBC decreased their target price on shares of Emera from C$60.00 to C$58.00 in a research report on Friday, July 21st. Finally, TD Securities decreased their target price on shares of Emera from C$65.00 to C$64.00 in a research report on Monday, August 14th.

Emera Stock Up 1.1 %

The stock’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $38.70.

Emera Company Profile

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.