What’s Propelling Emera Inc to Increase So Much?

 What's Propelling Emera Inc to Increase So Much?

The stock of Emera Inc (TSE:EMA) is a huge mover today! About 188,994 shares traded hands. Emera Inc (TSE:EMA) has declined 0.55% since March 24, 2016 and is downtrending. It has underperformed by 4.03% the S&P500.
The move comes after 5 months positive chart setup for the $9.39 billion company. It was reported on Oct, 31 by Barchart.com. We have $76.69 PT which if reached, will make TSE:EMA worth $5.92 billion more.

Emera Inc (TSE:EMA) Ratings Coverage

Out of 6 analysts covering Emera Inc. (TSE:EMA), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $60 is the highest target while $44.50 is the lowest. The $52.50 average target is 11.58% above today’s ($47.05) stock price. Emera Inc. has been the topic of 26 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperformer” rating given on Wednesday, August 12 by IBC. As per Wednesday, August 12, the company rating was maintained by Scotia Capital. The firm has “Sector Perform” rating given on Tuesday, September 29 by National Bank Canada. The firm has “Market Perform” rating given on Tuesday, September 29 by BMO Capital Markets. The stock of Emera Inc (TSE:EMA) has “Market Perform” rating given on Thursday, September 22 by Raymond James. The company was maintained on Tuesday, November 17 by RBC Capital Markets. As per Wednesday, August 12, the company rating was maintained by TD Securities.

More notable recent Emera Inc (TSE:EMA) news were published by: Marketwired.com which released: “Emera Inc. Sells 50.1 Million Common Shares of Algonquin Power & Utilities Corp.” on May 17, 2016, also Bloomberg.com with their article: “Emera Makes $6.5 Billion Bet on U.S. Power Markets in Teco Deal” published on September 04, 2015, Businesswire.com published: “Emera Acquisition of TECO Energy Approved by FERC” on January 21, 2016. More interesting news about Emera Inc (TSE:EMA) were released by: Business.Financialpost.com and their article: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” published on December 16, 2015 as well as Fool.ca‘s news article titled: “Is Fortis Inc. or Emera Inc. the Better Buy Today?” with publication date: May 16, 2016.

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 $9.39 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 14.59 P/E ratio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment