BMO Capital Markets Increases Emera (TSE:EMA) Price Target to C$72.00

Emera (TSE:EMA) had its target price lifted by analysts at BMO Capital Markets from C$68.00 to C$72.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 8.11% from the stock’s previous close.

EMA has been the topic of a number of other reports. Raymond James Financial raised their price target on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. National Bankshares upped their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Scotiabank lifted their price target on shares of Emera from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Royal Bank Of Canada raised their target price on Emera from C$70.00 to C$76.00 in a research note on Monday. Finally, Cibc World Mkts cut shares of Emera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$66.42.

Emera Trading Down 0.7%

Emera stock opened at C$66.60 on Monday. The stock has a 50-day simple moving average of C$66.53 and a 200 day simple moving average of C$64.10. The stock has a market capitalization of C$19.93 billion, a P/E ratio of 22.58, a PEG ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. Emera has a 52 week low of C$49.58 and a 52 week high of C$69.62.

Insider Buying and Selling

In other Emera news, Director Judy Ann Steele sold 18,100 shares of Emera stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$1,174,690.00. Following the completion of the transaction, the director owned 352 shares of the company’s stock, valued at C$22,844.80. The trade was a 98.09% decrease in their position. Also, Director Archibald Collins sold 30,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total transaction of C$1,987,470.00. Following the completion of the transaction, the director owned 13,045 shares of the company’s stock, valued at C$847,272.75. This trade represents a 70.11% decrease in their ownership of the stock. Insiders sold a total of 49,494 shares of company stock valued at $3,213,691 over the last quarter. 0.09% of the stock is owned by company insiders.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.