A Wall Street analyst has provided a review for the Utilities company yesterday, but retained the same rating on the stock. Analyst Benjamin Pham from BMO Capital rated Emera Incorporated (EMA) a Buy, setting a C$48 price target.
According to TipRanks.com, Pham is a 5-star analyst with an average return of 7.9% and a 76.5% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Pattern Energy, and Fortis Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera Incorporated with a C$48.17 average price target, representing a 3.8% upside. In a report released today, RBC Capital also reiterated a Buy rating on the stock with a C$53 price target.
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Emera Incorporated’s market cap is currently C$10.75B and has a P/E ratio of 46.7. The company has a Price to Book ratio of 1.60.
Emera, Inc. engages in the provision of energy products and services. It operates through the following segments: Emera Florida and New Mexico, Nova Scotia Power Inc., Emera Maine, Emera Caribbean, Emera Energy, and Corporate and Other. It has investments in electricity generation, transmission and distribution, and gas transmission and distribution.
The company’s shares closed on Wednesday at C$46.39, close to its 52-week high of C$46.77.
