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

EQB (TSE:EQB) had its target price hoisted by Jefferies Financial Group from C$97.00 to C$109.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential downside of 6.46% from the company’s current price.

A number of other equities analysts also recently issued reports on EQB. Desjardins raised their price objective on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a research report on Monday. 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 report on Tuesday, January 20th. TD Securities boosted their price target on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Veritas upgraded shares of EQB to a “hold” rating in a research report on Monday, December 1st. Finally, Scotiabank lifted their target price on shares of EQB from C$102.00 to C$105.00 in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$108.89.

EQB Stock Performance

Shares of TSE EQB opened at C$116.53 on Wednesday. The firm has a 50 day moving average price of C$104.96 and a two-hundred day moving average price of C$97.19. The stock has a market cap of C$4.35 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a 52-week low of C$83.93 and a 52-week high of C$119.06.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. Analysts predict that EQB will post 12.5988235 earnings per share for the current fiscal year.

About EQB

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.