UBS Group Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price objective raised by investment analysts at UBS Group from C$54.00 to C$59.00 in a note issued to investors on Friday,BayStreet.CA reports. UBS Group’s price target suggests a potential downside of 0.30% from the company’s current price.

A number of other brokerages have also recently commented on EMA. National Bankshares increased their target price on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Raymond James raised their price objective on shares of Emera from C$57.00 to C$59.00 in a research report on Monday, February 24th. BMO Capital Markets raised their price objective on shares of Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company raised their price objective on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$58.18.

Emera Price Performance

Shares of TSE EMA opened at C$59.18 on Friday. The firm has a 50-day simple moving average of C$56.44 and a 200-day simple moving average of C$53.98. The stock has a market capitalization of C$17.35 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. Emera has a 52 week low of C$44.13 and a 52 week high of C$59.88.

About Emera

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.