EQB (TSE:EQB – Get Free Report) had its price target boosted by stock analysts at Desjardins from C$132.00 to C$155.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 12.33% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on EQB. National Bank Financial set a C$120.00 price objective on EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. TD reduced their target price on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Scotiabank increased their price target on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Raymond James Financial lowered their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Finally, Jefferies Financial Group lifted their price objective on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, EQB currently has an average rating of “Hold” and a consensus target price of C$124.80.
View Our Latest Stock Report on EQB
EQB Stock Performance
EQB (TSE:EQB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. The business had revenue of C$302.36 million for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%. Sell-side analysts predict that EQB will post 12.5988235 EPS for the current year.
Insider Activity
In related news, Director Darren Lorimer sold 1,850 shares of EQB stock in a transaction that occurred on Thursday, July 16th. The shares were sold at an average price of C$149.00, for a total value of C$275,650.00. Following the completion of the sale, the director directly owned 5,138 shares in the company, valued at C$765,562. This trade represents a 26.47% decrease in their position. Also, insider Loblaw Companies Limited bought 8,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were bought at an average cost of C$141.57 per share, for a total transaction of C$1,132,560.00. Following the transaction, the insider owned 1,250,100 shares in the company, valued at C$176,976,657. The trade was a 0.64% increase in their position. Over the last quarter, insiders have acquired 22,100 shares of company stock valued at $3,167,188 and have sold 7,484 shares valued at $1,069,719. 29.02% of the stock is owned by insiders.
About EQB
EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.
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