The stock of Emera Inc (TSE:EMA) is a huge mover today! About 122,845 shares traded hands. Emera Inc (TSE:EMA) has declined 5.28% since April 19, 2016 and is downtrending. It has underperformed by 10.61% the S&P500.
The move comes after 9 months positive chart setup for the $9.10 billion company. It was reported on Nov, 23 by Barchart.com. We have $48.79 PT which if reached, will make TSE:EMA worth $728.00M 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 17.68% above today’s ($45.18) stock price. Emera Inc. has been the topic of 30 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was maintained by Scotia Capital. Raymond James maintained the shares of EMA in a report on Thursday, September 22 with “Market Perform” rating. The stock has “Market Perform” rating given by BMO Capital Markets on Tuesday, September 29. The stock of Emera Inc (TSE:EMA) has “Outperform” rating given on Tuesday, November 17 by RBC Capital Markets. The stock of Emera Inc (TSE:EMA) earned “Hold” rating by TD Securities on Wednesday, August 12. On Wednesday, November 9 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Outperform” rating given on Tuesday, November 8 by RBC Capital Markets. National Bank Canada initiated the stock with “Sector Perform” rating in Tuesday, September 29 report. IBC upgraded Emera Inc (TSE:EMA) on Wednesday, August 12 to “Sector Outperformer” rating.
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 Business.Financialpost.com published the news titled: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” on December 16, 2015. Fool.ca‘s news article titled: “Emera Inc. Is Unloading its Stake in Algonquin Power & Utilities Corp.” with publication date: May 18, 2016 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 $9.10 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 18.32 P/E ratio.
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