Emera Inc Stock Is Crashing Now

 Emera Inc Stock Is Crashing Now

The stock of Emera Inc (TSE:EMA) is a huge mover today! About 389,597 shares traded hands. Emera Inc (TSE:EMA) has declined 0.89% since April 25, 2016 and is downtrending. It has underperformed by 6.15% the S&P500.
The move comes after 9 months negative chart setup for the $9.09B company. It was reported on Nov, 29 by Barchart.com. We have $41.34 PT which if reached, will make TSE:EMA worth $727.20M less.

Emera Inc (TSE:EMA) Ratings Coverage

Out of 8 analysts covering Emera Inc. (TSE:EMA), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $60 is the highest target while $44.50 is the lowest. The $52.85 average target is 17.60% above today’s ($44.94) stock price. Emera Inc. has been the topic of 31 analyst reports since August 12, 2015 according to StockzIntelligence Inc. BMO Capital Markets initiated the shares of EMA in a report on Tuesday, September 29 with “Market Perform” rating. As per Tuesday, November 17, the company rating was maintained by RBC Capital Markets. The firm earned “Sector Perform” rating on Wednesday, August 12 by Scotia Capital. The stock of Emera Inc (TSE:EMA) has “Sector Perform” rating given on Wednesday, November 9 by Scotia Capital. TD Securities maintained Emera Inc (TSE:EMA) rating on Wednesday, August 12. TD Securities has “Hold” rating and $47 price target. The company was maintained on Thursday, November 24 by Desjardins Securities. The firm has “Sector Outperformer” rating by IBC given on Wednesday, August 12. The company was maintained on Tuesday, November 8 by RBC Capital Markets. Raymond James maintained Emera Inc (TSE:EMA) on Thursday, September 22 with “Market Perform” rating. The stock of Emera Inc (TSE:EMA) has “Sector Perform” rating given on Tuesday, September 29 by National Bank Canada.

More news for Emera Inc (TSE:EMA) were recently published by: Marketwired.com, which released: “Emera Inc. Sells 50.1 Million Common Shares of Algonquin Power & Utilities Corp.” on May 17, 2016. Business.Financialpost.com‘s article titled: “Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business” and published on December 16, 2015 is yet another important article.

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 $9.09 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 18.22 P/E ratio.

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