Royal Bank of Canada Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price target hoisted by Royal Bank of Canada from C$60.00 to C$63.00 in a research report released on Monday,BayStreet.CA reports.

Several other research analysts also recently commented on the company. Scotiabank lifted their target price on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their target price on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Finally, Raymond James boosted their price objective on Emera from C$57.00 to C$59.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emera presently has an average rating of “Moderate Buy” and a consensus target price of C$58.10.

Emera Stock Up 1.4 %

Shares of EMA opened at C$58.10 on Monday. The company has a market capitalization of C$17.04 billion, a PE ratio of 22.52, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 12 month low of C$44.13 and a 12 month high of C$58.73. The stock’s 50-day moving average price is C$54.65 and its two-hundred day moving average price is C$52.88. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were given a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, January 31st. Emera’s payout ratio is 112.40%.

About Emera

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.