Emera (TSE:EMA) Rating Increased to Strong-Buy at Cibc World Mkts

Emera (TSE:EMA) was upgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on EMA. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$54.00 to C$58.00 in a research report on Monday. Raymond James boosted their target price on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada increased their price target on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Finally, Scotiabank raised their target price on Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emera currently has an average rating of “Moderate Buy” and a consensus price target of C$53.10.

Emera Trading Up 0.9 %

Shares of TSE:EMA opened at C$54.27 on Monday. The business’s 50 day simple moving average is C$52.14 and its 200 day simple moving average is C$49.77. Emera has a 1 year low of C$44.13 and a 1 year high of C$55.15. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The company has a market capitalization of C$15.65 billion, a P/E ratio of 21.12, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.