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

Emera (TSE:EMA) had its target price hoisted by analysts at CIBC from C$58.00 to C$59.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 3.00% from the stock’s current price.

EMA has been the subject of a number of other research reports. Raymond James lifted their price target on Emera from C$57.00 to C$59.00 in a research report on Monday. Scotiabank boosted their price objective on Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares upped their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Emera currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.10.

Emera Stock Performance

Shares of EMA opened at C$57.28 on Monday. The stock has a 50-day moving average of C$54.56 and a two-hundred day moving average of C$52.85. Emera has a one year low of C$44.13 and a one year high of C$57.93. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The stock has a market cap of C$16.80 billion, a P/E ratio of 22.20, a P/E/G ratio of 6.20 and a beta of 0.35.

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.