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Emera (EMRAF) Receives a Buy from RBC Capital

In a report issued on February 14, Maurice Choy from RBC Capital maintained a Buy rating on Emera (EMRAFResearch Report), with a price target of C$66.00. The company’s shares closed last Tuesday at $45.76.

Choy has an average return of 1.9% when recommending Emera.

According to TipRanks.com, Choy is ranked #1264 out of 7791 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera with a $49.80 average price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $51.35 and a one-year low of $39.00. Currently, Emera has an average volume of 6,557.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EMRAF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Emera, Inc. is an energy and services company, which invests in electricity generation, transmission and distribution and gas transmission and distribution. The company was founded on July 23, 1998 and is headquartered in Halifax, Canada.

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