Emera (EMA) PT Raised to C$43.00 at JPMorgan Chase & Co.

Emera (TSE:EMA) had its price target increased by JPMorgan Chase & Co. from C$42.00 to C$43.00 in a research report sent to investors on Friday morning.

Other equities research analysts also recently issued research reports about the company. UBS Group raised Emera from a neutral rating to a buy rating and boosted their price target for the company from C$42.00 to C$51.00 in a research report on Thursday. BMO Capital Markets reissued an outperform rating and issued a C$47.00 price objective on shares of Emera in a report on Wednesday. Royal Bank of Canada increased their price objective on Emera from C$46.00 to C$50.00 in a report on Wednesday. National Bank Financial increased their price objective on Emera from C$43.00 to C$44.00 and gave the stock a sector perform rating in a report on Tuesday. Finally, TD Securities increased their target price on shares of Emera from C$47.00 to C$48.00 and gave the stock a buy rating in a research report on Monday, November 12th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Emera has a consensus rating of Buy and an average price target of C$47.45.

Shares of EMA stock opened at C$44.60 on Friday. Emera has a twelve month low of C$38.09 and a twelve month high of C$49.48. The company has a debt-to-equity ratio of 201.50, a quick ratio of 0.38 and a current ratio of 0.56.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a dividend of $0.587 per share. This represents a $2.35 annualized dividend and a yield of 5.26%. This is an increase from Emera’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Wednesday, October 31st. Emera’s dividend payout ratio is presently 206.58%.

Emera Company Profile

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

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Analyst Recommendations for Emera (TSE:EMA)

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