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BMO Capital Sticks to Their Buy Rating for Emera (EMA)

Tipranks - Wed Feb 25, 7:00AM CST

BMO Capital analyst Benjamin Pham maintained a Buy rating on Emera yesterday and set a price target of C$74.00. The company’s shares closed yesterday at C$70.13.

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According to TipRanks, Pham is a 5-star analyst with an average return of 9.5% and a 68.05% success rate. Pham covers the Utilities sector, focusing on stocks such as Capital Power, ATCO Ltd Cl I NV, and Rockpoint Gas Storage, Inc. Class A.

Currently, the analyst consensus on Emera is a Moderate Buy with an average price target of C$71.62, representing a 2.13% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$76.00 price target.

The company has a one-year high of C$71.15 and a one-year low of C$56.29. Currently, Emera has an average volume of 1.22M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EMA in relation to earlier this year.

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