Will Emera Inc Go Down Anytime Soon?

 Will Emera Inc Go Down Anytime Soon?

The stock of Emera Inc (TSE:EMA) is a huge mover today! About 161,478 shares traded hands. Emera Inc (TSE:EMA) has declined 5.28% since April 7, 2016 and is downtrending. It has underperformed by 11.43% the S&P500.
The move comes after 6 months positive chart setup for the $8.80B company. It was reported on Nov, 11 by Barchart.com. We have $55.98 PT which if reached, will make TSE:EMA worth $2.20B more.

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 18.74% above today’s ($44.78) stock price. Emera Inc. has been the topic of 30 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 17. BMO Capital Markets initiated Emera Inc (TSE:EMA) on Tuesday, September 29 with “Market Perform” rating. TD Securities maintained the stock with “Hold” rating in Wednesday, August 12 report. The company was maintained on Wednesday, November 9 by Scotia Capital. On Tuesday, September 29 the stock rating was initiated by National Bank Canada with “Sector Perform”. The stock of Emera Inc (TSE:EMA) has “Sector Perform” rating given on Wednesday, August 12 by Scotia Capital. The firm has “Outperform” rating given on Tuesday, November 8 by RBC Capital Markets. The stock of Emera Inc (TSE:EMA) earned “Market Perform” rating by Raymond James on Thursday, September 22. The stock of Emera Inc (TSE:EMA) earned “Sector Outperformer” rating by IBC on Wednesday, August 12.

More 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 Businesswire.com published the news titled: “Emera Acquisition of TECO Energy Approved by FERC” on January 21, 2016. Business.Financialpost.com‘s news article titled: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” with publication date: December 16, 2015 was also an interesting one.

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 $8.80 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 18.16 P/E ratio.

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