Rating Coverage: Desjardins Securities Analyst Reaffirmed $50.00 Price Target on Emera Inc (TSE:EMA) stock, While Reiterating “Buy” Rating

November 24, 2016 - By Linda Rogers

Emera Inc (TSE:EMA) Rating

In a research note revealed to investors and clients on today, Desjardins Securities maintained their “Buy” rating on Emera Inc (TSE:EMA)‘s stock. The target indicates a potential upside of 10.60% from company’s last stock close price.

Emera Inc (TSE:EMA) Ratings Coverage

Out of 7 analysts covering Emera Inc. (TSE:EMA), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $60 is the highest target while $44.50 is the lowest. The $53.17 average target is 17.76% above today’s ($45.15) stock price. Emera Inc. has been the topic of 30 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by Scotia Capital given on Wednesday, November 9. RBC Capital Markets maintained Emera Inc (TSE:EMA) rating on Tuesday, November 17. RBC Capital Markets has “Outperform” rating and $56 price target. The stock of Emera Inc (TSE:EMA) has “Sector Outperformer” rating given on Wednesday, August 12 by IBC. The stock has “Sector Perform” rating given by National Bank Canada on Tuesday, September 29. The firm has “Market Perform” rating given on Tuesday, September 29 by BMO Capital Markets. The firm has “Hold” rating given on Wednesday, August 12 by TD Securities. The firm earned “Sector Perform” rating on Wednesday, August 12 by Scotia Capital. Raymond James maintained it with “Market Perform” rating and $51.50 target price in Thursday, September 22 report. RBC Capital Markets maintained Emera Inc (TSE:EMA) on Tuesday, November 8 with “Outperform” rating.

About 221,916 shares traded hands. Emera Inc (TSE:EMA) has declined 4.76% since April 20, 2016 and is downtrending. It has underperformed by 10.17% the S&P500.

Emera Incorporated is an energy and services firm that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The company has a market cap of $9.05 billion. The Firm operates through six divisions: NSPI; Emera Maine; Emera Caribbean, which includes Emera Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St. It has a 18.31 P/E ratio.

Another recent and important Emera Inc (TSE:EMA) news was published by Marketwired.com which published an article titled: “Emera Inc. Sells 50.1 Million Common Shares of Algonquin Power & Utilities Corp.” on May 17, 2016.

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