Emera Inc (EMA) Director Buys C$182,800.00 in Stock
Emera Inc (TSE:EMA) Director Christopher Huskilson acquired 4,000 shares of Emera stock in a transaction on Thursday, October 6th. The shares were purchased at an average price of C$45.70 per share, for a total transaction of C$182,800.00.
Emera Inc (TSE:EMA) traded down 0.46% during mid-day trading on Friday, hitting $45.72. The stock had a trading volume of 527,877 shares. The stock has a market cap of $9.12 billion and a P/E ratio of 14.24. The firm has a 50-day moving average of $47.33 and a 200-day moving average of $47.47. Emera Inc has a 52-week low of $41.32 and a 52-week high of $50.19.
Several research analysts have commented on the company. CIBC raised their price objective on Emera from C$49.00 to C$53.00 in a report on Wednesday, July 20th. Scotiabank reiterated a “sector perform” rating and issued a C$49.00 price target on shares of Emera in a report on Tuesday, August 9th. Royal Bank Of Canada lifted their price target on Emera from C$56.00 to C$60.00 in a report on Thursday, August 11th. National Bank Financial cut their price target on Emera from C$55.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 9th. Finally, RBC Capital Markets lifted their price target on Emera from C$56.00 to C$60.00 in a report on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$54.14.
Emera Company Profile
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
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