Trading Report: Today, Emera Inc (EMA) Receives “Outperform” Rating from Royal Bank Of Canada

Today, Emera Inc (EMA) Receives “Outperform” Rating from Royal Bank Of Canada

Emera Inc (TSE:EMA)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued on Tuesday, StockTargetPrices.com reports. They presently have a C$62.00 target price on the stock, up from their previous target price of C$60.00. Royal Bank Of Canada’s price target points to a potential upside of 36.84% from the stock’s current price.

A number of other brokerages also recently issued reports on EMA. CIBC increased their price target on Emera from C$49.00 to C$53.00 in a research report on Wednesday, July 20th. CSFB increased their price target on Emera from C$54.00 to C$58.00 in a research report on Monday, July 25th. National Bank Financial increased their target price on Emera from C$52.00 to C$55.00 in a report on Monday, July 18th. RBC Capital Markets increased their target price on Emera from C$56.00 to C$60.00 in a report on Wednesday, August 10th. Finally, TD Securities increased their target price on Emera from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Emera presently has an average rating of “Hold” and an average price target of C$54.21.

Emera (TSE:EMA) traded up 0.24% during trading on Tuesday, reaching $45.31. The company had a trading volume of 457,302 shares. The company’s 50-day moving average is $45.99 and its 200 day moving average is $47.25. The firm has a market capitalization of $9.12 billion and a price-to-earnings ratio of 20.52. Emera has a 52 week low of $41.32 and a 52 week high of $50.19.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were issued a $0.5225 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.61%.

In related news, Director Christopher Huskilson purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was purchased at an average price of C$45.70 per share, with a total value of C$182,800.00.

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