EQB (TSE:EQB – Get Free Report) had its target price boosted by equities research analysts at TD from C$123.00 to C$154.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 9.03% from the stock’s previous close.
A number of other research firms have also commented on EQB. Jefferies Financial Group boosted their price target on shares of EQB from C$122.00 to C$129.00 and gave the company a “hold” rating in a research report on Thursday. National Bank Financial lifted their target price on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Thursday. Scotiabank boosted their target price 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. Desjardins increased their price target on EQB from C$132.00 to C$155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial raised their price target on EQB from C$123.00 to C$136.00 and gave the company a “sector perform” rating in a report on Thursday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, EQB presently has a consensus rating of “Hold” and an average price target of C$133.20.
View Our Latest Research Report on EQB
EQB Trading Up 1.7%
EQB (TSE:EQB – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. The firm had revenue of C$302.36 million during the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%. On average, analysts expect that EQB will post 12.5988235 earnings per share for the current year.
Insider Activity at EQB
In related news, insider Loblaw Companies Limited purchased 8,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were acquired at an average cost of C$141.57 per share, with a total value of C$1,132,560.00. Following the completion of the purchase, the insider directly owned 1,250,100 shares of the company’s stock, valued at C$176,976,657. This trade represents a 0.64% increase in their ownership of the stock. Also, Director Daniel Broten sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$141.74, for a total transaction of C$212,610.00. Following the completion of the sale, the director directly owned 5,033 shares of the company’s stock, valued at approximately C$713,377.42. This represents a 22.96% decrease in their position. Over the last ninety days, insiders have purchased 38,100 shares of company stock valued at $5,407,348 and have sold 7,484 shares valued at $1,069,719. Corporate insiders own 29.02% of the company’s stock.
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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