Emera (OTCMKTS:EMRAF) Stock Passes Below 200 Day Moving Average of $38.70

Emera Incorporated (OTCMKTS:EMRAF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.70 and traded as low as $35.77. Emera shares last traded at $35.82, with a volume of 27,468 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on EMRAF shares. Royal Bank of Canada decreased their price objective on shares of Emera from C$68.00 to C$66.00 in a research note on Monday, August 14th. BMO Capital Markets decreased their price objective on shares of Emera from C$61.00 to C$60.00 in a research note on Monday, August 14th. TD Securities reduced their target price on shares of Emera from C$65.00 to C$64.00 in a research report on Monday, August 14th. Finally, Scotiabank reduced their target price on shares of Emera from C$61.00 to C$57.00 in a research report on Monday, September 18th.

Emera Stock Performance

The stock’s 50-day moving average price is $35.22 and its 200 day moving average price is $38.65.

About Emera

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.