UBS Group Raises Emera (TSE:EMA) Price Target to C$59.00

Emera (TSE:EMA) had its price objective increased by analysts at UBS Group from C$54.00 to C$59.00 in a report released on Friday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 0.15% from the stock’s current price.

A number of other analysts have also recently weighed in on EMA. Raymond James upped their target price on shares of Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. BMO Capital Markets upped their price target on Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. National Bankshares lifted their price objective on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.18.

Emera Stock Performance

EMA stock traded up C$0.22 during midday trading on Friday, hitting C$58.91. The stock had a trading volume of 653,705 shares, compared to its average volume of 1,437,660. The firm has a market capitalization of C$17.27 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a 50-day simple moving average of C$56.30 and a 200 day simple moving average of C$53.89. Emera has a 52 week low of C$44.13 and a 52 week high of C$59.88.

Emera Company Profile

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.