Emera (OTCMKTS:EMRAF) Stock Price Crosses Above 50 Day Moving Average of $42.22

Emera Incorporated (OTCMKTS:EMRAF – Get Rating) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $42.22 and traded as high as $42.35. Emera shares last traded at $42.35, with a volume of 522 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EMRAF shares. TD Securities raised their price objective on Emera from C$63.00 to C$64.00 in a research report on Friday, February 24th. Raymond James upped their price target on Emera to C$62.00 in a research note on Monday, May 15th. Finally, National Bank Financial increased their price objective on Emera from C$53.00 to C$55.00 in a research note on Tuesday, May 16th.

Emera Stock Up 0.9 %

The company has a fifty day moving average price of $42.22 and a 200 day moving average price of $40.27.

Emera Company Profile

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Emera, Inc engages in the provision of renewable energy. It operates through the following segments: Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities & Infrastructure and Other. The Florida Electric Utility segment refers to Tampa Electric. The Canadian Electric Utilities segment consists Nova Scotia Power Inc and Emera Newfoundland & Labrador Holdings Inc The Other Electric Utilities segment includes Emera Maine and Emera Caribbean Incorporated.