Royal Bank of Canada Boosts Emera (TSE:EMA) Price Target to C$63.00

Emera (TSE:EMA) had its target price boosted by Royal Bank of Canada from C$60.00 to C$63.00 in a research report issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 9.99% from the company’s current price.

Several other research analysts also recently commented on the company. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their target price on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Scotiabank boosted their target price on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. BMO Capital Markets boosted their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Finally, CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$58.10.

Emera Stock Up 0.5 %

EMA stock opened at C$57.28 on Monday. The company has a market cap of C$16.80 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The business has a 50-day simple moving average of C$54.56 and a 200 day simple moving average of C$52.85. Emera has a 52 week low of C$44.13 and a 52 week high of C$57.93. 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 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.