EQB (TSE:EQB – Get Free Report) had its price objective boosted by equities research analysts at Canadian Imperial Bank of Commerce from C$151.00 to C$165.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 19.20% from the company’s previous close.
EQB has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on EQB from C$122.00 to C$129.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Raymond James Financial upped 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, August 13th. Desjardins upped their price target on shares of EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. National Bank Financial lifted their target price on EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Finally, Scotiabank lifted their target price on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$138.10.
Check Out Our Latest Report on EQB
EQB Price Performance
EQB (TSE:EQB – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The business had revenue of C$302.36 million during the quarter. As a group, research analysts forecast that EQB will post 12.5988235 earnings per share for the current fiscal year.
Insider Buying and Selling
In other EQB news, Director Darren Lorimer sold 750 shares of EQB stock in a transaction on 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 completion of the transaction, the director owned 6,988 shares in the company, valued at approximately C$1,042,889.12. The trade was a 9.69% decrease in their position. Also, insider Gavin Stanley sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$137.37, for a total transaction of C$123,633.00. Following the transaction, the insider owned 2,238 shares in the company, valued at C$307,434.06. The trade was a 28.68% decrease in their ownership of the stock. In the last quarter, insiders bought 38,100 shares of company stock worth $5,407,348 and sold 7,484 shares worth $1,069,719. 29.02% of the stock is currently owned by corporate 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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