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

EQB (TSE:EQB) 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 objective indicates a potential downside of 3.70% from the company’s previous close.

Several other research firms have also issued reports on EQB. Scotiabank raised their price target on shares of EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. TD Securities decreased their target price on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. National Bank Financial set a C$120.00 target price on shares of EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. Desjardins lifted 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 report on Tuesday, May 5th. Finally, BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$118.56.

EQB Stock Up 1.6%

TSE EQB traded up C$1.80 during midday trading on Wednesday, hitting C$116.30. The company had a trading volume of 94,708 shares, compared to its average volume of 134,218. The stock has a market cap of C$4.26 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 0.34 and a beta of 0.74. The firm has a fifty day simple moving average of C$115.00 and a two-hundred day simple moving average of C$106.73. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51.

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.