EQB (TSE:EQB) Price Target Raised to C$125.00

EQB (TSE:EQB – Get Free Report) had its price objective raised by equities research analysts at Scotiabank from C$122.00 to C$125.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 8.43% from the company’s previous close.

Several other research analysts have also weighed in on the stock. TD Securities lowered their price objective 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 objective on shares of EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. 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. Jefferies Financial Group increased their price target on shares of EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Finally, TD lowered their price target on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$122.50.

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EQB Stock Performance

Shares of TSE:EQB traded down C$1.65 during midday trading on Monday, hitting C$115.28. 39,829 shares of the stock were exchanged, compared to its average volume of 133,725. EQB has a 52-week low of C$83.93 and a 52-week high of C$126.51. The business’s fifty day simple moving average is C$115.94 and its two-hundred day simple moving average is C$108.30. The company has a market capitalization of C$4.08 billion, a PE ratio of 22.65, a P/E/G ratio of 0.34 and a beta of 0.74.

EQB (TSE:EQB – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The company had revenue of C$302.36 million during the quarter. As a group, equities analysts anticipate that EQB will post 12.5988235 EPS for the current year.

About EQB

(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.

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