Emera (OTCMKTS:EMRAF) Shares Cross Above Fifty Day Moving Average of $47.39

Emera Incorporated (OTCMKTS:EMRAFGet Rating)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $47.39 and traded as high as $47.45. Emera shares last traded at $47.35, with a volume of 1,382 shares changing hands.

Wall Street Analysts Forecast Growth

EMRAF has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on shares of Emera from C$66.00 to C$72.00 in a research note on Tuesday, May 17th. National Bank Financial upped their price objective on shares of Emera from C$59.00 to C$60.00 in a research note on Monday, May 16th. Finally, Scotiabank upped their price objective on shares of Emera from C$65.00 to C$69.00 in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.83.

Emera Trading Up 0.0 %

The company’s 50-day simple moving average is $47.39 and its two-hundred day simple moving average is $47.99.

Emera Company Profile

(Get Rating)

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

Further Reading

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