Today, Emera Inc (EMA) Receives “Buy” Rating from Desjardins

Today, Emera Inc (EMA) Receives “Buy” Rating from Desjardins

Desjardins reiterated their buy rating on shares of Emera Inc (TSE:EMA) in a research report released on Thursday morning. Desjardins currently has a C$50.00 price objective on the stock.

EMA has been the subject of several other research reports. Raymond James Financial Inc. reissued a market perform rating and issued a C$51.50 price objective on shares of Emera in a report on Thursday, September 22nd. National Bank Financial reduced their price target on Emera from C$54.00 to C$53.00 and set a sector perform rating for the company in a report on Wednesday, November 9th. TD Securities upped their price target on Emera from C$52.00 to C$55.00 and gave the stock a buy rating in a report on Wednesday, November 9th. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$62.00 price target (up previously from C$60.00) on shares of Emera in a report on Tuesday, November 8th. Finally, Barclays PLC reduced their price target on Emera from C$54.00 to C$52.00 and set an overweight rating for the company in a report on Thursday, November 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Emera has an average rating of Hold and an average target price of C$54.21.

Shares of Emera (TSE:EMA) opened at 45.20 on Thursday. Emera has a 1-year low of $41.32 and a 1-year high of $50.19. The stock has a 50 day moving average price of $46.00 and a 200 day moving average price of $47.25. The company has a market capitalization of $9.10 billion and a price-to-earnings ratio of 20.47.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were given a $0.5225 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.62%.

In related news, Director Christopher Huskilson purchased 4,000 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was acquired at an average cost of C$45.70 per share, for a total transaction of C$182,800.00.

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