EQB (TSE:EQB) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

EQB (TSE:EQBGet Free Report) had its price target upped by analysts at Jefferies Financial Group from C$110.00 to C$112.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential downside of 3.70% from the company’s current price.

A number of other analysts have also weighed in on EQB. TD Securities reduced their price target on shares of EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. National Bank Financial set a C$120.00 price target on shares of EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Desjardins increased their target price on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Scotiabank increased their target price on shares of EQB from C$105.00 to C$122.00 in a research note on Friday, February 27th. Finally, BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and increased their target price for the company from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$118.56.

View Our Latest Research Report on EQB

EQB Price Performance

Shares of TSE:EQB traded up C$1.80 during trading on Wednesday, reaching C$116.30. 94,708 shares of the company’s stock traded hands, compared to its average volume of 134,218. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51. The company has a 50 day moving average of C$115.00 and a 200-day moving average of C$106.73. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74.

EQB Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for EQB (TSE:EQB)

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