Emera (TSE:EMA) Price Target Raised to C$59.00

Emera (TSE:EMAFree Report) had its target price boosted by CIBC from C$58.00 to C$59.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on EMA. National Bankshares upped their price target on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of Emera from C$60.00 to C$63.00 in a report on Monday. Raymond James upped their price target on shares of Emera from C$57.00 to C$59.00 in a report on Monday. JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and upped their price target for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Finally, Scotiabank upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emera presently has an average rating of “Moderate Buy” and an average price target of C$58.10.

Get Our Latest Stock Report on Emera

Emera Trading Up 1.4 %

TSE:EMA opened at C$58.10 on Monday. The company has a market cap of C$17.04 billion, a P/E ratio of 22.52, a P/E/G ratio of 6.20 and a beta of 0.35. The stock’s fifty day moving average price is C$54.65 and its two-hundred day moving average price is C$52.88. Emera has a 1 year low of C$44.13 and a 1 year high of C$58.73. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 4.99%. Emera’s dividend payout ratio is presently 112.40%.

About Emera

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Emera Incorporated, 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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Analyst Recommendations for Emera (TSE:EMA)

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