EQB (TSE:EQB – Get Free Report) had its price target raised by investment analysts at National Bank Financial from C$120.00 to C$143.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 2.19% from the stock’s previous close.
Several other equities analysts also recently commented on EQB. Desjardins boosted their price target on shares of EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group boosted their target price on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Scotiabank upped their price target on EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. TD reduced their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. Finally, Raymond James Financial reduced their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$130.10.
View Our Latest Stock Report on EQB
EQB Trading Down 1.2%
EQB (TSE:EQB – Get Free Report) last issued 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 net margin of 6.61% and a return on equity of 6.16%. Equities research analysts anticipate that EQB will post 12.5988235 earnings per share for the current year.
Insider Buying and Selling at EQB
In other EQB news, insider Loblaw Companies Limited acquired 8,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of C$137.62 per share, with a total value of C$1,100,960.00. Following the transaction, the insider owned 1,346,100 shares in the company, valued at C$185,250,282. The trade was a 0.60% increase in their position. Also, Director Darren Lorimer sold 750 shares of the company’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of C$149.24, for a total value of C$111,930.00. Following the transaction, the director directly owned 6,988 shares of the company’s stock, valued at approximately C$1,042,889.12. This represents a 9.69% decrease in their ownership of the stock. Over the last ninety days, insiders have acquired 38,100 shares of company stock worth $5,407,348 and have sold 7,484 shares worth $1,069,719. 29.02% of the stock is owned by insiders.
EQB Company Profile
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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