Raymond James Boosts Emera (TSE:EMA) Price Target to C$59.00

Emera (TSE:EMA) had its price target lifted by research analysts at Raymond James from C$57.00 to C$59.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 3.09% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares increased their price objective on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and upped their target price for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$58.10.

Emera Price Performance

Emera stock traded down C$0.46 during midday trading on Monday, reaching C$57.23. The company’s stock had a trading volume of 222,145 shares, compared to its average volume of 1,556,767. Emera has a 52-week low of C$44.13 and a 52-week high of C$57.93. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The firm has a market capitalization of C$16.78 billion, a PE ratio of 22.18, a P/E/G ratio of 6.20 and a beta of 0.35. The stock’s 50-day simple moving average is C$54.45.

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.