BMO Capital Reaffirms Their Hold Rating on Emera Incorporated (EMA)

By Austin Angelo

Emera Incorporated (EMAResearch Report), the Utilities sector company, has received a rating update from a Wall Street analyst today. BMO Capital’s analyst Benjamin Pham reiterates their Hold rating on the shares, with a C$57 price target.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 11.3% and a 81.6% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Northland Power Inc, and TerraForm Power.

The word on The Street in general, suggests a Hold analyst consensus rating for Emera Incorporated with a C$57.60 average price target.

The company has a one-year high of C$58.57 and a one-year low of C$38.09. Currently, Emera Incorporated has an average volume of 1.1M.

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.

The company’s shares closed last Monday at C$56.13, close to its 52-week high of C$58.57.