Jefferies Financial Group Lowers EQB (TSE:EQB) Price Target to C$93.00

EQB (TSE:EQB) had its target price lowered by stock analysts at Jefferies Financial Group from C$107.00 to C$93.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 6.14% from the company’s current price.

A number of other research firms have also recently weighed in on EQB. TD Securities upped their price target on shares of EQB from C$100.00 to C$105.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Desjardins decreased their price objective on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Raymond James Financial cut shares of EQB from a “moderate buy” rating to a “hold” rating and dropped their target price for the company from C$108.00 to C$93.00 in a report on Thursday, August 28th. Royal Bank Of Canada reduced their price target on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, CIBC lowered their price objective on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$102.30.

EQB Price Performance

Shares of EQB stock opened at C$87.62 on Tuesday. The business’s fifty day moving average price is C$89.81 and its 200 day moving average price is C$94.92. The firm has a market capitalization of C$3.36 billion, a PE ratio of 9.93, a P/E/G ratio of 0.34 and a beta of 1.17. EQB has a 1-year low of C$83.93 and a 1-year high of C$114.22.

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.