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Emera (EMRAF) Receives a Buy from RBC Capital

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RBC Capital analyst Maurice Choy maintained a Buy rating on Emera (EMRAFResearch Report) on April 25 and set a price target of C$66.00. The company’s shares closed last Tuesday at $50.22.

Choy has an average return of 10.4% when recommending Emera.

According to TipRanks.com, Choy is ranked #873 out of 7911 analysts.

Currently, the analyst consensus on Emera is a Moderate Buy with an average price target of $51.60, representing a -1.8% downside. In a report issued on April 19, Scotiabank also maintained a Buy rating on the stock with a C$69.00 price target.

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Emera’s market cap is currently $13.09B and has a P/E ratio of 32.06.

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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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