Emera Incorporated (EMA) Gets a Hold Rating from National Bank


Today, an analyst has provided a rating update for Emera Incorporated (EMA). National Bank’s analyst Patrick Kenny reiterates their Hold rating on the shares, with a C$45 price target.

According to TipRanks.com, Kenny is a 1-star analyst with an average return of -1.8% and a 54.5% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.

Emera Incorporated has an analyst consensus of Moderate Buy, with a price target consensus of C$47.50, representing a 5.4% upside. In a report issued on January 14, CIBC also reiterated a Hold rating on the stock with a C$47 price target.

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The company has a one-year high of C$46.74 and a one-year low of C$38.09. Currently, Emera Incorporated has an average volume of 870.9K.

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$45.07.

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