Emera (OTCMKTS:EMRAF) Price Target Raised to C$55.00 at CIBC

Emera (OTCMKTS:EMRAF – Get Rating) had its price target lifted by CIBC from C$54.00 to C$55.00 in a research report sent to investors on Tuesday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group cut their price target on shares of Emera from C$55.00 to C$54.00 in a report on Friday, November 25th. Scotiabank cut their price target on shares of Emera from C$69.00 to C$59.00 in a report on Thursday, October 20th. Raymond James raised shares of Emera from a market perform rating to an outperform rating in a report on Wednesday, October 19th. Royal Bank of Canada cut their target price on shares of Emera from C$72.00 to C$68.00 in a research note on Monday, November 14th. Finally, BMO Capital Markets cut their target price on shares of Emera from C$63.00 to C$61.00 in a research note on Monday, November 14th.

Emera Trading Down 1.1 %

Shares of OTCMKTS:EMRAF opened at $38.66 on Tuesday. The company’s fifty day moving average is $38.39 and its 200 day moving average is $42.45. Emera has a 52 week low of $35.24 and a 52 week high of $52.56.

Emera Company Profile

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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.